Unfortunately for Biden, the Great Unwashed is not gullible enough to accept his explanation that Putin is to blame for inflation. A Convention of States Action/Trafalgar Group survey found that most respondents (59.9%) believe Biden’s policies … Read more
ASIA: U.S. authorities are ready to implement a ban on imports from China’s Xinjiang region when a law requiring it becomes enforceable later in June, a U.S. Customs official said on Wednesday, adding that a … Read more
TANKER FLEETS You will recall that one of the components that allow us to be bullish on the shipping industry is the ability — or in this instance lack thereof — to bring supply back … Read more
ASIA: China’s factory activity fell at a slower pace in May as COVID-19 curbs in major manufacturing hubs eased, but movement controls continued to weigh on demand and production, raising concerns about economic growth in … Read more
High inflation has captured the headlines as of late particularly as CPI recently hit the highest levels since 1981. Some are even suggesting we will face hyperinflation. However, while inflation is certainly present, the question … Read more
A lot of gold bugs like myself still think that the precious metal is undervalued here at around $1820/oz., not only based on the Fed’s ridiculous track record of easy money over the last 15 … Read more
ASIA: The Indian government is likely to stick to its fiscal deficit target as specified in the budget, and there may not necessarily be a need for increased government borrowing just yet, governor Shaktikanta Das … Read more
Core PCE rate rises 0.3% for the third straight month The numbers: A key measure of U.S. inflation rose just 0.2% in April to mark the smallest increase in a year and a half, aided by … Read more
ASIA: Earlier this week, China’s premier, Li Keqiang, warned that the world’s second-largest economy could struggle to record positive growth in the current quarter. “We will try to make sure the economy grows in the … Read more
After new- and existing-home sales tumbled, it should have been no surprise that pending home sales dropped in April. The 3.9% MoM decline was almost double the 2.1% drop expected and is the 6th straight monthly … Read more
