Inflation will remain high
Many US banks, including the large ones, are in financial trouble. They have lent a few trillion dollars in 30 year mortgages at fixed interest rates of 3% or less. Based on the current high interest rates, the value of their mortgages could have fallen by 30% or more. The loss is staggering. The banks are able to mark these...
China will trade with other countries in local currencies
I share my views about the next stage in de-dollarization, i.e. countries with trade with each other using their own currencies instead of the USD. Several oil producers already agreed to sell oil to China in Chinese yuan (CNY). They can keep the CNY and use them to buy products from China in CNY. If they have excess CNY, they...
The mammoth implications of the leakage of US highly classified information
This is like an story in the Ian Flemmings' James Bond adventure.That it could have happened in the highly powerful administraion of the USA is like a heavenly earth-shaking hoax to dement the people when they are just recovering breath after their nerves are rattled by China's Xi Jinping military manoeuvre over the Taiwan Straits...
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