ASIA:   China’s economic growth is likely to rebound to 4.9% in 2023, before steadying in 2024, a Reuters poll showed, as policymakers pledge to step up support for the COVID-ravaged economy. Gross domestic product (GDP) likely grew just 2.8% in 2022 as lockdowns weighed on activity and confidence, according to the median forecasts of […]

COMMENT: Marty,   Your point about foreign money buying US assets and then adding back money to domestic circulation is quite profound. The inflows from Asia, the Middle East, and Europe are enormous. These monies had to come from somewhere. They were a result of globalization, accumulating dollar assets offshore, or having to convert their […]

QUESTION: Marty, I was there at your Berlin conference when one of the attendees openly admitted he was from the Bundesbank. He was very open about it. There have been other central bankers at your WEC. I suppose they have to attend just to get a whiff of the trend. Powell has come out and […]

ASIA:   The Bank of Japan is considering revising its inflation forecasts upward, sources familiar with the central bank’s thinking said Friday, in a move that could fuel market speculation that the BOJ is set to shift away from its aggressive monetary easing. The revisions would include raising its core consumer inflation outlook for fiscal […]

ASIA:   Japan’s core consumer inflation hit a fresh four-decade high as companies continued to pass on rising costs to households, data showed, a sign price hikes were broadening and could keep the central bank under pressure to whittle down massive stimulus. Japan’s core consumer price index (CPI), which excludes volatile fresh food but includes energy […]

  QUESTION: Marty, you said 2023 will be chaotic in politics. What is going on with McCarthy I guess is what you were referring to at the WEC. Thanks. Your forecasts are always amazing DK ANSWER: What is taking place with McCarthy is precisely what the model has forecast. He lost the 11th attempt to […]

QUESTION: I have been following Socrates for quite a while. It certainly seems to provide the long-term view quite reliably. You said it has taught you. So I take it that is why it is AI because you did not precisely code it to do these things? WK ANSWER: I created Socrates to monitor everything. […]

QUESTION #1: Once more I am asking: In practical terms, when a Panic Cycle appears, which are the factors that will help us to determine if the movement will be up or down please? Thank you for answering. SM QUESTION #2: Your Panic Cycle is remarkable and your forecast on Ukraine before 2014 warrants putting […]

ASIA:   Citigroup Inc said it will wind down its consumer banking business in China, a move which is expected to affect about 1,200 employees in the country. The exit will include products such as deposits, insurance, mortgages, investments, loans and cards, the lender said in a statement Thursday. The bank will also explore options […]

Naturally, I have received emails from those on the left and Elon Musk appears to be rising to that coveted spot of hatred once monopolized by Trump. Musk has outright suggested that Twitter was acting under government orders to suppress free speech, with his remarks coming hot on the heels of the release of a […]