Tuesday, December 27, 2016
The importance of China naval drill.
https://sg.news.yahoo.com/taiwan-says-chinese-carrier-heading-towards-hainan-024228649.html
China naval drill has 2 significant importance. First, it is sending a message to Taiwan that it can attack Taiwan from the East and West. Second, it is telling the USA implicitly that it is capable of breaching the first line of containment. It will be before long that China can also breach the 2nd line of containment at Guam.
China is currently developing another 3 aircraft carriers for South China Sea. By then, China can no longer be contained by USA in South China Sea.
China naval drill has 2 significant importance. First, it is sending a message to Taiwan that it can attack Taiwan from the East and West. Second, it is telling the USA implicitly that it is capable of breaching the first line of containment. It will be before long that China can also breach the 2nd line of containment at Guam.
China is currently developing another 3 aircraft carriers for South China Sea. By then, China can no longer be contained by USA in South China Sea.
Saturday, December 24, 2016
Baltic dry index - 961
Today, Friday, December 23 2016, the Baltic Dry Index climbed by 33 points, reaching 961 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
US rig count - 653
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 16 this week to 653.
A year ago, 700 rigs were active. Depressed energy prices have curtailed exploration, although the rig count has been rising in recent weeks.
Houston oilfield services company Baker Hughes Inc. said Friday that 523 rigs sought oil and 129 explored for natural gas this week. One was listed as miscellaneous.
Oklahoma gained six rigs, Texas gained four, Alaska increased by three and Colorado, Louisiana, New Mexico, North Dakota, Ohio, Pennsylvania and Wyoming each added one.
West Virginia declined by two and Arkansas lost one.
California, Kansas and Utah were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.
Friday, December 23, 2016
The new economy and radical social structure in the year 20XX.
We are facing an industrial revolution whereby robotic and artificial intelligence (AI) technologies will overtake the world that will create an entirely different economy and new social structure that we have not envisaged in our existing society.
Many “dark factories” without human involvements will start popping up in the new economy under this industrial revolution to cater to market demands. These dark factories will operate under darkness because robotic devices and AI machines can produce goods and services 24 hours daily more efficiently and effectively than humans. Furthermore, driverless mobility units will be plying the road, sea and air to transport goods and humans at varying speeds in this new environment.
Healthcare and medical services will be performed by AI robotic devices which are completely different from tele-operated robotic devices that still require medical staffs’ involvements. AI medical devices are able to analyze millions of medical cases prior to the actual operations to provide the best course of medical actions available that a surgeon cannot fulfill and will be more professional than any medical doctor.
All these radical technological changes will engender new societal developments that governments have to manage and handle especially for mismatch of labour requirements.
The “new residents” will only be academically trained but without actual working experiences in this new society. These new residents will no longer be able to earn incomes but will receive state allowances for subsistence. The determinants for individual allowances for subsistence will become a challenging task that needs to be circumvented in this new world. Inadvertently, new social activities, norms and cultures will ensue from this upcoming industrial revolution.
This industrial revolution may sound foreboding to you as a human but this is something unavoidable. The faster we adopt and embrace this revolution, the better we will be compared to secular countries that are resistant to changes.
Humans are resistant to changes but if we don’t have the courage for change, we will not progress and evolve.
This is my awakening Christmas gift for mankind. Merry Christmas to all!
Thursday, December 22, 2016
Wednesday, December 21, 2016
Taiwan has lost 1 country recognising its sovereignty.
https://sg.finance.yahoo.com/news/china-cheers-taiwan-splits-one-014633527.html
China is making sure that there will be lesser countries establishing diplomatic ties with Taiwan because of its pro-independence stance.
China is making sure that there will be lesser countries establishing diplomatic ties with Taiwan because of its pro-independence stance.
Tuesday, December 20, 2016
Putin is making a fool out of Abe but Abe doesn't know it.
http://edition.cnn.com/2016/12/15/asia/putin-abe-japan-arrival/
The japanese government has been whitewashing its WW2 history till now and very few people know the true account of these kuril islands anymore.
These kuril islands belonged to Russia and Russia let Japan have them in exchange for non-invasion from the Japanese during WW2. However, Japan attacked Russia after taking the kuril islands. Therefore, Russia took back the kuril islands after the end of WW2 because Japan didn't honour the agreement.
Abe still harbours the wishful thinking that Russia will return the kuril islands but Putin won't return them back to Japan as Japan reneged its promise in WW2. Putin is just playing Abe for this episode.
The japanese government has been whitewashing its WW2 history till now and very few people know the true account of these kuril islands anymore.
These kuril islands belonged to Russia and Russia let Japan have them in exchange for non-invasion from the Japanese during WW2. However, Japan attacked Russia after taking the kuril islands. Therefore, Russia took back the kuril islands after the end of WW2 because Japan didn't honour the agreement.
Abe still harbours the wishful thinking that Russia will return the kuril islands but Putin won't return them back to Japan as Japan reneged its promise in WW2. Putin is just playing Abe for this episode.
Stock market risks have increased! Profit-take to preserve cash!
With the killing of russian diplomat in Turkey and the terrorist attack in berlin (germany), stock market risks have increased with the upcoming official inauguration of the new US president. ISIS has declared that it would launch an attack soon.
Monday, December 19, 2016
Foxconn is declaring war against Samsung!
http://www.reuters.com/article/us-sharp-hon-hai-samsung-elec-idUSKBN14414K
Terry Gou, founder of Hon Hai, owner of Foxconn is adamant in decimating Samsung because of past acrimonious disputes. Let's see how this fight will pan out.
Terry Gou, founder of Hon Hai, owner of Foxconn is adamant in decimating Samsung because of past acrimonious disputes. Let's see how this fight will pan out.
Philippines is getting tough with USA!
https://sg.news.yahoo.com/us-told-want-vfa-pay-000000509.html
Philippines is getting tough with USA and trying to get back the USD$30m which was spent on a spurious court (PCA) under the instruction of USA. USA refused to reimburse Philippines for its own political agenda.
Philippines is getting tough with USA and trying to get back the USD$30m which was spent on a spurious court (PCA) under the instruction of USA. USA refused to reimburse Philippines for its own political agenda.
Sunday, December 18, 2016
Saturday, December 17, 2016
Baltic dry index - 946
Today, Friday, December 16 2016, the Baltic Dry Index decreased by 20 points, reaching 946 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
US rig count - 637
HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. increased by 13 this week to 637.
A year ago, 709 rigs were active. Depressed energy prices have curtailed exploration, although the rig count has been rising in recent weeks.
Houston oilfield services company Baker Hughes Inc. said Friday that 510 rigs sought oil and 126 explored for natural gas this week. One was listed as miscellaneous.
Texas gained 14 rigs, New Mexico gained two and Colorado added one.
Oklahoma and Wyoming each declined by two, and North Dakota lost one.
Alaska, Arkansas, California, Kansas, Louisiana, Ohio, Pennsylvania, Utah and West Virginia were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.
China has been selling US bonds!
https://sg.finance.yahoo.com/news/japan-tops-china-largest-holder-210357229.html
In order to cut its foreign reserves losses, China has been selling its US bonds. However, this is more than meets eye. China is trying to shift its backbone support of renminbi to a basket of currencies instead of relying on USD only. In other words, China doesn't want the strength of RMB to be based on USD only. Furthermore, selling US bonds will thwart the rises in interest rates and impede RMB depreciation which is a win-win strategy for China.
In order to cut its foreign reserves losses, China has been selling its US bonds. However, this is more than meets eye. China is trying to shift its backbone support of renminbi to a basket of currencies instead of relying on USD only. In other words, China doesn't want the strength of RMB to be based on USD only. Furthermore, selling US bonds will thwart the rises in interest rates and impede RMB depreciation which is a win-win strategy for China.
Subscribe to:
Posts (Atom)
