Tag: China economy
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Stock markets approach key resistance. Is a new downtrend about to begin?
What a month it has been for US stock markets. US markets have been in hard rally mode since June 1st 2023, with the Nasdaq seeing its rally begin on May 24th 2023. A few other markets in the world are joining in on the party. Japan’s Nikkei continues to break decades long records largely…
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Home Depot posts worst revenue miss in 20 years, signs of recession?
Home Depot (HD) reported fiscal first quarter 2023 earnings which mostly missed estimates and has raised concerns that the consumer is being tapped out. Put it another way in our consumer based economy, are signs of an economic slowdown or recession increasing? This has been on the mind of investors ever since the Fed has…
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Market Meltdown: gold & housing: “It’s not the pins – it’s the bubble”.
“It’s the financials that are really getting killed,” stated Schiff, “They have made all the loans that are not going to get repaid, so this is just like 2008, only it’s not just the banks that are going to need a bailout, it’s the hotels, it’s the airlines, it’s companies like Boeing, it’s the cruise…
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DJIA plummets: divorce lawyers shudder as poor sexless couples grope each other in the night
“The National Marriage Project dubbed the drop in divorce ‘a silver lining’ to the Great Recession,” stated The L.A. Times, “arguing that tough times were pulling many husbands and wives closer together.”
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Did Aytu BioScience (AYTU.Q) just SpankChain the NASDAQ?
When a sector gets hot, small cap stocks can often get a bump by sidling up to the hot sector with a new product/idea/opportunity. When the dust clears, the intrinsic value of the new offering is typically deemed to be low. We saw it in 3D-printing, with Dung Beetle Treats. We saw it in weed…
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Stocks tank, gold surges – my locked-down communist wife tells a grim COVID19 virus story
“While the comparison to SARS may provide some guidance, important changes have been experienced in China and the Chinese gold market since the 2003 outbreak,” stated the WGC.
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China: Markets, Media & Mayhem
Markets: This week, Chinese stocks plummeted 5.7% after the Chinese government hinted that it would stop stimulating the economy. On Friday, the Shanghai Composite index fell an additional 1.2% to 3,086, Japan’s Nikkei 225 index fell 0.2% to 22,258 and South Korea’s Kospi declined 0.5% to 2,179. Chinese sovereign bonds – issued by the local…