It did not take long – Epstein is dead as expected. No way would he be allowed to go to trial. He was denied bail after offering to pay for 24-hour guards and wearing a GPS bracelet. He was denied bail in order to ensure he would never go to trial. He was held in […]

ASIA: Last week on Thursday, President Trump threatened to add another 10% tariff on an additional 300 billion USD worth of goods coming into the U.S. from China. China responded to President Trump’s threat by allowing the Chinese yuan — with the current exchange rate of 7.05 Chinese Yuan to the dollar — sink to […]

ASIA: The major Asian stock markets had a mixed day today: Shanghai decreased 43.94 points or -1.56% to 2,777.56 Kospi decreased 29.48 points or -1.51% to 1,917.50 ASX 200 decreased 162.20 points or -2.44% to 6,478.10 NIKKEI 225 decreased 134.98 points or -0.65% to 20,585.31 Hang Seng decreased 175.08 points or -0.67% to 25,976.24 SENSEX […]

COMMENT: Hi, Yes, you are correct in both cases but the underlying issue is the ethics (or morality if you believe we are under the thrall of a higher power) of the institutional maltreatment of any human in the name of a political belief system. The US political Right-wing (as opposed to the Conservative right) conflated the term […]

ASIA: The latest news regarding the U.S.–China trade deal is that progress has stalled. China demands that the U.S. changes their stance and ease restrictions on Huawei. The U.S. and Chinese senior officials spoke by phone this week, this represents only the second call since the G20 meeting in June where the two countries agreed […]

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Normally, equity valuations reflect the present value of future cash flows that are primarily a function of current cash flows, growth expectations, and then the discount rate. Most fundamentalists will look at the cash flow generation in both the short and long-term. With equity valuations at their record highs, investors, in theory, are showing confidence […]

Market Talk – July 9, 2019 ASIA: The U.S. approved a 2.2 bn USD sale of arms to Taiwan, despite China forewarning them not to do so. China is now demanding that the U.S. cancels the deal, calling the U.S. actions a “crude interference” and further stating that it is harming its sovereignty. Elsewhere, U.S. […]

QUESTION: You said the “crash is in the debt markets”. Can you please explain how that will evolve? Liz M. ANSWER: Once upon a time before 1971, there used to be a difference between debt and cash. Government bonds were not acceptable for collateral. You could not borrow against them. You had to liquidate them. […]

Civil unrest is continuing to rise in Hong Kong after crowds of mask and helmet wearing demonstrators fled the area to escape hundreds of riot police firing tear gas. The entire issue has arisen from Lam’s government pushing legislation that would allow extraditions to China, a move that alarmed locals and multinational companies. The clashes […]