The one thing about the financial world that never ceases to amaze me is how far behind the curve mainstream economists always seem to be. Not long ago we had Janet Yellen and Paul Krugman, economists supposedly at the front of the pack, both proving to be utterly ignorant (or strategically dishones...

Anwar’s age of Asian economic leadership Anwar Ibrahim’s idea for an Asian Monetary Fund was not well-received in 1997 but a lot has changed since. facebook sharing buttontwitter sharing buttonwhatsapp sharing buttonemail sharing button Anwar Ibrahim, Malaysia’s 10th prime minister, is set to spell ...

In the latest evidence of major shifts in global power dynamics, the Saudi government has approved the kingdom's partial membership in a Chinese-led economic, political and security bloc.     Saudi Arabia will join the Shanghai Cooperation Organization with the initial status of a "dialogue partner....

BEIJING — Chinese President Xi Jinping and Russian President Vladimir Putin have agreed to cooperate on a range of economic and business areas, both countries said Wednesday. Prominent on the list was increasing the use of “local” currency, Chinese state media said. The Kremlin was more explicit in ...

Pakistan's government has ordered shopping centres and markets to close early every day as the country faces an economic crisis. Defence minister Khawaja Asif says the measures will save the South Asian nation around 62bn Pakistani rupees ($274.3m; £228.9m). Pakistan generates most of its power usi...

Shares of Hong Kong-listed stocks were higher after Hong Kong, a special administrative region of China, announced the end of all Covid-19 restrictions, following a similar move by mainland China weeks ago.  Almost all Covid measures will be dropped on Thursday, including the mandatory polymerase ch...

Economic conditions just keep getting worse.  As we prepare to enter 2023, we find ourselves in a high inflation environment at the same time that economic activity is really slowing down.  And just like we witnessed in 2008, employers are conducting mass layoffs as a horrifying housing crash sweeps...

The Conference Board's Leading Economic Indicators (LEI) suffered a significantly worse than expected drop in November, tumbling 1.0% MoM (vs -0.5% exp). The biggest positive contributor to the leading index was stock prices at 0.21 The biggest negative contributor was building permits at -0.37 Desp...

SINGAPORE (The Straits Times/Asia News Network): Singapore’s manufacturing output shrank as a faster rate in November, down 3.2 per cent from a year earlier, according to data released by the Economic Development Board on Friday (Dec 23). The figure was worse than the 1.1 per cent drop economists ha...

There is one factor that constantly stands out as absolutely essential to a person’s chances at surviving a crisis event, and that factor is mindset. Experience and training are highly valuable, having proper tools and preps on hand is a huge advantage. But in the end, without mental toughness and t...

There is one factor that constantly stands out as absolutely essential to a person’s chances at surviving a crisis event, and that factor is mindset. Experience and training are highly valuable, having proper tools and preps on hand is a huge advantage. But in the end, without mental toughness and t...

Nouriel Roubini, a former advisor to the International Monetary Fund and member of President Clinton’s Council of Economic Advisors, was one of the few “mainstream” economists to predict the collapse of the housing bubble. Now Roubini is warning that the staggering amounts of debt held by individual...