The worlds fastest-growing region is slowing and show sign of a darkening global outlook. Just look at Chinas Q3 growth. It`s the weakest growth in 28 years. The Chinese economy advanced 6% YoY in Q3 2019 and that is the weakest since 1992.
China have a trade tension with the U.S, weakening global demand and alarming off-balance-sheet borrowings by local governments. IMF said on Friday that the growth can get worse, but Japanese Finance Minister Taro Aso said «All policy tools must e used to achieve sustainable growth.»
In its World Economic Outlook report on Tuesday, the IMF cut its economic growth forecast for the Asia-Pacific region to 5,0% for this year and 5,1% for 2020, and that is the slowest pace of expansion since the global financial crisis.
A faster-than-expected slowdown in Chinas economic growth could also generate negative spillovers in the region, as many Asian countries have supply chains closely tied to China, the IMFs Rhee said.
The IMF slashed China`s growth forecast to 6,1% for this year and 5,8% for 2020, pointing to the impact from the trade conflict and tighter regulation to address excess debt. But China is not alone.
The pace of global economic activity remains weak, and after slowing sharply in the last three quarters of 2018, momentum in manufacturing activity, in particular, has weakened substantially, to levels not seen since the global financial crisis.
Rising trade and geopolitical tensions have increased uncertainty about the future of the global trading system and international cooperation more generally, taking a toll on business confidence, investment decisions, and global trade.
A natable shift toward increased monetary policy accommodation, through both action and communication, has cushioned the impact of these tensions on financial market sentiment and activity, while a generally resilient service sector has supported employment growth.
To strengthen resilience, policymakers should address financial vulnerabilities that pose risks to growth in the medium term.
Making growth more inclusive, which is essential for securing better economic prospects for all, should remain an overarching goal.
A positive cheerleader like Trump is the right man to reach that goal. Not the Media-Mob-Clowns talking about recession ever day. What is Trump doing for his country? What about the Media Mob?
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
NBA teams up with Communists. Houston
Rockets and NBA beg China for forgiveness. Guard for the Houston
Rockets, James Harden said live on TV that they love China and
everything they are above. Wow.
You can clearly see what money can do for some people. NBA loves free speech, except when money is involved. The one rule dictatorship Communist party in China are considered to be the biggest terrorist regime in the world. A barbarick dictatorship. But who cares about that?
“South park” comedy central TV show enrages China. “I am a proud member of the Communist party. The party is more important than the individual,” they said in the show.
After the TV show, South park creators` “apology” to China was written by Trey Parker and Matt Stone, and it goes like this:
Like the NBA, we welcome the Chinese
censors into our homes and into our heats. We too love money more
than freedom and democracy. Xi doesn`t look just like Winnie the Pooh
at all…..
Long live the Great Communist Party of China! May this autumn`s sorghum harvest be bountiful! We good now China?
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
China is staging one of its biggest
military parades ever. It`s a celebration of 70 years of Communist
Party rule as pure, political triumph. It is set to be the largest
military parade and mass pageant in Chinese history.
The 70th Anniversary of the Founding of The People`s Republic of China is an upcoming ceremonial event with a grand military parade as its spotlight to celebrate National Day of the People`s Republic of China that is scheduled to take place on 1 October 2019 in Beijing.
President and Chairman of the Central
Military Commission Xi Jinping, who will be the guest of honor, will
give the holiday address to the nation and Chinese expatriates abrod
before inspecting the formations along Chang`an Avenue.
The Communist Party of China had
defeated the Kuomintang Party following the Chinese Civil War, which
occurred intermittently between 1927 and 1949. In the aftermath of
the civil war, the Kuomintang and its loyalists then retreated to the
island of Formosa (also known as Taiwan), formerly a prefecture of
the Qing Empire, which had been under Japanese colonial rule from
1895 to 1945.
The founding of the People`s Republic
of China was formally proclaimed by Mao Zedong, the Chairman of the
Communist Party of China, on 1 October 1949 at 03:00 pm in Tiananmen
Square in Beijing.
The first public parade of the then new
People`s Liberation Army took place there, following the chairman`s
address of the formal foundation of the new republic. Before this, as
the national anthem March of the Volunteers was played, the new
national flag of the People`s Republic of China was officially
unveiled to the newly founded nation and hoisted for the first time
during the celebrations as a 21-gun salute fired in the distance.
In its early years, the People`s
Republic of China was not internationally recognized as the Republic
of China held its seat in the United Nations and the Security Council
as the sole legitimate government of «China» by the United States
and Western nations.
A massive National Day fireworkks
display had been planned along the harbour in Hong Kong to celebrate
the 70th anniversary. As it has done every year since
1997, Hong Kong government cancelled them «for safety reasons» over
the protests in the city that have lasted since March.
Safety is one thing. Popularity is
another. Hong Kongers doesn`t like Beijing and China.
Hong Kongers have made a new poster:
swastikas and the term «Chinazi.»
A few weeks ago, the protesters marched
to the US consulate to urge Congress to pass the Hong Kong Human
Rights and Democracy Act. Many had American flags. Others had a red
flag with yellow stars arranged in the shape of a swastika.
A week later they all had a «Chinazi»
flag made by local pro-democracy party people power. They also made a
banner that cast chief executive Carrie Lam as an unmistakable
Hitler, giving her the lavel «Butcher Carrie» against a backdrop of
yellow swastikas.
On Sunday 29 September, coinciding with
the 80th anniversary of the divvying up of occupied Poland
between Germany and the Soviet Union, Hong Kongers held a large
protest, alternately dubbed the «Global Anti-Totalitarianism March»
and the «Global Anti-Chinazi March,» alongside dozens of citis
around the world.
«Chinazi» is drawing comparisons
between the Holocaust`s concentration camps and China`s internment
camps in Xinjiang.
Hitler and the Nazis committed one of
the worst atrocities ever in human history, orchestrating a
state-sponsored genocide that led to the murder of millions of
people. Not only Jews, but also political opponents, gay men,
roman`s, gipsy`s and millions of mentally and physically handicapped
induviduals.
Comparing China to Nazi Germany comes
from the author of the book; Nazi China, written by the exiled
Chinese writer Yu Jie. The man also wrote a biography of the late
Nobel Peace Prize laureate and activist Liu Xiaobo.
Chinese state media called Hong Kong`s
protesters «Blacknazi,» while the police called them «cockroaches,»
and protesters regularly refer to police as «dogs.»
Hitler and the Nazi`s committed one of
the worst atrocities ever in human history. They were the worst
state-sponsored terrorist group in human history. Trump talked about
freedom of religion, hate crime and state-sponsored torror in his UN
speech last week, and the term «Chinazi» sends a warning to the
world. The history may repeat itself.
Since the handover in 1997, the share
of people in Hong Kong identifying as Chinese have declined, reaching
38,6 percent in 2008. Today, the number is just 10,8 percent.
Meanwhile, the share of people identifying as HongKongers has
increased dramatically over the last decade, hitting 53 percent this
year.
China Central Television (CCTV) is
expected to mainly broadcast sychronously for domestic and foreign TV
channels with CCTV-1 as the producing channel for the celebrations,
while national, provincial and city broadcasters and TV stations,
domestic internet video, portals, and live webcast sites may also
broadcast the event simultaneously.
The China Media Group (general station)
may also broadcast live overseas through websites such as YouTube.
People in China are grateful and loyal and accept the Communist Party and their lack of political freedom because they have benefited from this explosion of material wealth and opportunity. Don`t forget that free market Capitalism made China rich.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
What a day. A very important day for
Europe and the rest of the world. The ECB left its main refinancing
operations rate unchanged and lowered the deposit interest rate by
10bps to -0,5 percent. Not only that; policymakers also approved a
new round of bond purchases at a monthly pace of €20 billion as
from November 1st.
They do this because we have Brexit and trade war with China and the plan is to boost growth. At the same time, the ECB lowered its GDP forecasts to 1,1 percent this year. Inflation expectations were also slashed to 1,2 percent in 2019.
President Trump attacked the FED,
calling Fed Chair Jerome Powell and other members «boneheads» for
not driving the U.S interest rates down to zero, or less. Trump
explained that he wanted negatie rates in order to refinance the
outstanding $22 trillion in government debt and lengthen the term.
Right now, there is a $16 trillion in
negative yielding debt around the globe. What a number! Historically,
negative rates have been used as an anti-recession tool to boost
growth when the economy is weak.
But negative interest rate have now become much more common. Just take a look at the value of the negative-yielding debt over the world. It has shot up to $16 trillion, according to BofA.
If you have your money in your bank, it
means you have to pay your bank to lend them your money. Crazy right?
Normally, you will get paid from the bank if you have your money
there, but with negaive interest rate, it is turned up side down.
Similarly, with government-issued debt,
global investors also pay money to hold a bond with negative yields
because the premium that they initially paid for it exceeds the total
interest they receive over the life of the bond.
Switzerland have negative interest rate
at -0,75 percent. Denmark; -0,65 percent. Sweden; -0,25 percent and
Japan; -0,10 percent.
Other countries in Europe are near
negative interest rate. All these countries have zero interest rate;
Spain, Slovakia, Slovenia, Portugal, Netherlands, Malta, Luxemburg,
Latvia, Italy, Ireland, Greece, Germany, France, Finland, Euro Area,
Estonia, Cyprus, Bulgaria, Belgium and Austria.
In comparison; the U.K have 0,75 percent interest rate and the U.S have 2,25 percent. The U.S lowered the rate for the first time in July for the first time since the financial crisis, as inflation remains subdued amid hightened concerns about the economic outlook and ongoing trade tensions with China.
The U.S economy is good, but the global economy is slowing, notably in Germany and China. There are also growing possibility of a hard Brexit, rising tension in Hong Kong, and dissolution of the Italian government. Fed Chair Jerome Powell have a great challenge.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Politicians around the world have
something to learn from president Trump; Listen to the people. You
are there for the people. Otherwise, you will face some problems.
Just take a look at Carry Lam in Hong Kong.
She is not chosen by the people in Hong
Kong but by the Godless one-party rule Communists in Mainland China.
The Communists in Bejing are dictating Carry Lam and tell her what to
say, but that is not what her own people in Hong Kong want.
This is unbelievable. Two million
people are joining the Hong Kong protesters, but the government isn`t
listening to the people. And this has been going on for a very long
time now. So, what is the next step? The Hong Kong protesters want
international support and that`s why they went to the U.S consulate
to ask president Trump for help.
President Trump last month suggested
China should «humanely» settle the issues in Hong Kong before a
trade deal could be agreed but had earlier called the protesters
«riots» that were a matter for China to deal with.
The activists claim that only countries
like U.S can change the current situation in Hong Kong. Activists
want the U.S to pass the Hong Kong Human Rights and Democracy Act.
They call on president Trump to help «liberate» the city.
Thousands of protesters marched to the
U.S consulate, waving American flags and singing the Star Spangled
Banner. A huge banner that read «Do you trust the Communist Party?
Are you crazy? Was hung from the overpass, and protesters repeatedly
chanted slogans like «USA», and «Fight for freedom», stand with
Hong Kong.»
Another banner was held by two Hong Kong protester; President Trump, please liberate Hong Kong. Defend our Constitution!
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Ket Garden
Business, Politics, Finans 