Recent events have shown that China is having serious problems marrying authoritarian control with the tech innovation it needs to develop, in order to compete with the West. Evergrande, the crackdown on crypto technologies, computer gaming and “girlie man” culture, and the reigning in of whole sectors of its economy for doctrinal deviations, are all...
42 search results for: Evergrande
Post
U.S. MARKET OVERVIEW
Stock prices slid on Tuesday, 28 September, bumped through Wednesday, and fell again on Thursday, September’s last day, while the best bond yields in months also lured investors away from tech stocks. Alphabet, Facebook, Google, and Microsoft, all of which have outperformed the broader market this year, each dropped at least 3.5 percent during the...
Post
Test audio JD
U.S. MARKET OVERVIEW In The Bronx, there is a saying: “Bullshit has its own sound.” While we have long been forecasting that inflation pressures would continue to rise, we kept noting that Federal Reserve chair Jerome Powell and the rest of the Bankster Gang had been spewing out bullshit for most of the year...
Post
IRON ORE PRICES SLUMP ON DEMAND OUTLOOK
Iron ore prices have fallen by nearly half from their 20 July high above $219 per ton under pressures from China’s slowing property market, The Wall Street Journal reported. The price opened this week at $119 after plunging to $94 on 20 September. Evergrande, China’s largest property developer, owes more than $300 billion that it...
Post
CHINA’S ECONOMY SLOWING?
Beyond the potential collapse of Evergrande—the Chinese conglomerate toting more than $300 billion in debt, that missed a $83.5-million bond payment last week, and that has 1.6 million unfinished apartments on its hands—there are signs that China’s overall economy is losing momentum. However, we do not see as drastic a slowdown as Wall Street is...
Post
DELTA VIRUS HAMPERING GLOBAL RECOVERY, OECD SAYS
The COVID virus’s Delta variant is slowing the world’s economic recovery but will not cripple it, according to new forecasts from the 37-member Organization for Economic Cooperation and Development (OECD) in its latest quarterly report published 21 September. The U.S. economy will grow 6 percent this year, the OECD now says, not the 6.9 percent...
Post
BLOCKCHAIN BATTLES
CHINA SEES CRYPTOS AS EXISTENTIAL THREAT. There China was again last Thursday night, trying to smother Bitcoin. The People’s Bank of China (PBoC), the country’s central bank, declared all digital currency operations unlawful. Specifically, it stated: “[Cryptocurrency] services providing trading, order matching, token issuance, and derivatives for virtual currencies are absolutely banned. “Overseas virtual currency...
Post
BY LAND AND BY SEA: RE-THINKING OCEANIA
The rift between France and the U.S. over nuclear submarine contracting with Australia is a blunder that the West can’t afford right now. In announcing that the U.S. would be taking over the submarine contracting, Defense Secretary Loyd Austin said the new trilateral relationship: “is a testament to the strength, resilience and foresight of our...
Post
U.S. MARKET OVERVIEW
In The Bronx, there is a saying: “Bullshit has its own sound.” While we have long been forecasting that inflation pressures would continue to rise, we kept noting that Federal Reserve chair Jerome Powell and the rest of the Bankster Gang had been spewing out bullshit for most of the year claiming that inflation was...
Post
IS A MARKET CORRECTION POSSIBLE?
By Gregory Mannarino TradersChoice.net If you have been following my work here in the Trends Journal ever since I began writing articles here, you have seen a common theme—the stock market is going higher—and to say the least, my calls have been correct with the market hitting a series of new record highs. But is...