China will sell USD
President Xi has instructed the state banks to sell the USD. This is to help strengthen the yuan, which has dropped significantly against the USD. There is a longer term implication. When China sells the USD, many speculators will jump into the bandwagon and dump the USD. This may cause the USD to collapse. Remember, American...
There is nothing catastrophic about a recession
The central banks kept interest rate too low and printed too much money during the past decade. This has led to high inflation. The war in Ukraine, together with the pandemic, made the situation worse. The central banks have now increased interest rate sharply. They wanted to fight inflation. This is expected to cause an economic...
Ukraine and Taiwan
Ukraine is the Taiwan of Europe. Putin and Russia are not the warmongers. They are only trying to break out of the US encirclement strategy to save their country. If nothing is done to counter the US using Ukraine as a battering ram like what it is doing now provoking end arming Taiwan to undermine China's sovereignty and territorial...
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