Lean times for Asia’s billionaires

Recent surveys show the region's pool of super-rich tycoons dipped last year due to sluggish economic growth and a commodity price slump By Alan Boyd Want to get super rich in Asia? You will need to live in Hong Kong, Beijing or Singapore, attend a university in the United States or the United Kingdom, and … Continue reading Lean times for Asia’s billionaires

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De-Dollarization & Disintermediation – Russian Mobile Phone Operator Issues First Blockchain-Backed Bond

For months now Russia has been moving into the blockchain space in a serious way. I’ve talked about these moves in previous articles(here, here and yes, even here) But, the latest news is one that should have every one stand up and take notice. Russian Mobile phone operator, Megafon, issued RUB500 million in zero-coupon blockchain-based bonds recently. This was purely a … Continue reading De-Dollarization & Disintermediation – Russian Mobile Phone Operator Issues First Blockchain-Backed Bond

Standard & Poor’s China rating downgrade makes no sense

By Ken Moak How any supposedly objective credit-rating agency downgrades a country’s creditworthiness when its financial position is stronger and more stable than those of the developed countries, as Standard & Poor’s did recently, is beyond comprehension. This author has noted in response to a previous downgrade by Moody’s Investors Service that China’s total debt-to-GDP ratio was … Continue reading Standard & Poor’s China rating downgrade makes no sense

Western contempt for China turns to panic

Economic boom continues with electronics industry domination and infrastructure growth through trillion-dollar Belt and Road Initiative By Spengler Not since the British garrison at Singapore surrendered to Gen. Tomoyuki Yamashita in 1942 has Western opinion of an Asian power changed so fast. When China’s 2015 stock market bubble popped, prevailing Western opinion held that China’s … Continue reading Western contempt for China turns to panic

Precious Metals Supply and Demand

From Acting Man, by Keith Weiner Frexit Threat Macronized The dollar moved strongly, and is now over 25mg gold and 1.9g silver. This was a holiday-shortened week, due to the Early May bank holiday in the UK. The lateral entrant wakes up, preparing to march on, avenge the disinherited and let loose with fresh rounds … Continue reading Precious Metals Supply and Demand