Today, Friday, February 10 2017, the Baltic Dry Index decreased by 5 points, reaching 702 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.
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Related stocks: Cosco & Sembcorp marine
Saturday, February 11, 2017
US rig count - 741
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 12 this week to 741.
A year ago, 541 rigs were active.
Houston oilfield services company Baker Hughes Inc. said Friday that 591 rigs sought oil and 149 explored for natural gas this week. One was listed as miscellaneous.
Texas increased by seven rigs, New Mexico was up by four rigs, Louisiana and West Virginia each gained two and Pennsylvania was up one.
Ohio and Wyoming each lost two rigs.
Alaska, Arkansas, California, Colorado, Kansas, North Dakota, Oklahoma and Utah were all unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.
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Related stocks: Keppel corp, Sembcorp marine & Cosco.
Friday, February 10, 2017
Trump is such a hypocrite!
Trump wrote a letter to China to wish all the Chinese a happy CNY and also wanted to develop a constructive relationship with China. Conversely, he continued to stir up troubles in South China Sea with US spy plane.
https://www.bloomberg.com/politics/articles/2017-02-10/china-u-s-warplanes-had-unsafe-encounter-in-south-china-sea
https://www.bloomberg.com/politics/articles/2017-02-10/china-u-s-warplanes-had-unsafe-encounter-in-south-china-sea
USA will have to issue more debts to cover money lost in tax receipts.
Trump is proposing a 20% corporate tax which will reduce the tax receipts significantly as the current tax ceiling is 35%.
Therefore, USA has to issue more bonds to cover the money lost from lesser tax receipts. All in all, interest rates will climb.
Therefore, USA has to issue more bonds to cover the money lost from lesser tax receipts. All in all, interest rates will climb.
Trump has thrown in the towel and will standby the one china policy.
https://sg.news.yahoo.com/trump-backs-one-china-policy-call-chinas-xi-040924222.html
Trump cannot resist the internal political pressures to accept the one-China policy. This is Trump first policy defeat and there will be more to come. Nonetheless, this is a great news for the world.
Trump cannot resist the internal political pressures to accept the one-China policy. This is Trump first policy defeat and there will be more to come. Nonetheless, this is a great news for the world.
Stock markets revolve around Trump now!
https://www.bloomberg.com/news/articles/2017-02-10/trump-drives-japanese-stocks-again-only-this-time-they-advance
Whether Trump can carry out his policies or not will be the real question! Just look at the travel ban that is suspended by the court.
Whether Trump can carry out his policies or not will be the real question! Just look at the travel ban that is suspended by the court.
Thursday, February 9, 2017
China is the world's largest economy based on PPP.
China is expected to overtake USA's economy in nominal GDP by 2030.
http://statisticstimes.com/economy/projected-world-gdp-ranking.php
http://statisticstimes.com/economy/projected-world-gdp-ranking.php
China's economy will be 50% bigger than USA in the year 2050 (see below).
Statistics from PWC
Whose side do you want to be on? USA or China?
Wednesday, February 8, 2017
Trade war between USA and China is spreading!
http://www.marketwatch.com/story/trump-may-soon-label-china-a-currency-manipulator-deutsche-bank-says-2017-02-07?siteid=yhoof2&yptr=yahoo&ref=yfp
This will cause hyperinflation across the globe because of the punitive tariffs.
USA will have more to lose than China because China has more ammunitions than USA. USA has more investments in China than China investments in USA. Hyperinflation will hit USA first and USA has to raise interest rate in March 2017.
This will cause hyperinflation across the globe because of the punitive tariffs.
USA will have more to lose than China because China has more ammunitions than USA. USA has more investments in China than China investments in USA. Hyperinflation will hit USA first and USA has to raise interest rate in March 2017.
China can bypass Asean to trade with Europe now.
http://en.people.cn/n3/2017/0208/c90000-9175126.html
The one-belt-one-road initiative has enabled China to transports goods to Europe and vice versa without passing through Asean because of the new sea and land routes.
The one-belt-one-road initiative has enabled China to transports goods to Europe and vice versa without passing through Asean because of the new sea and land routes.
China has proof that its proclamation in South China sea is valid.
http://en.people.cn/n3/2017/0208/c90000-9175389.html
The proof was in 1946 when USA sent its navy to accompany China to retake the islands in South China sea.
Tuesday, February 7, 2017
Russia warns South Korea about THAAD installation.
http://en.people.cn/n3/2017/0204/c90000-9174097.html
South Korea is digging its own grave by offending China & Russia with THAAD installation.
Declassified UFO documents in Canada.
http://www.abovetopsecret.com/forum/thread736264/pg1
Canada found something in 1968 which dropped from the sky and it was something beyond human's technology.
Quote:
"The relevant documents indicate that a 99% titanium fragment with a white, ceramic-like crystaline material on one side was found in or around October 1968 (but tests indicated it had "been down for more than 90 days") in the Wollaston Lake area of Saskachewan, Canada. "
End Quote.
This showed that a supreme being created it which we called ALIEN.
Canada found something in 1968 which dropped from the sky and it was something beyond human's technology.
Quote:
"The relevant documents indicate that a 99% titanium fragment with a white, ceramic-like crystaline material on one side was found in or around October 1968 (but tests indicated it had "been down for more than 90 days") in the Wollaston Lake area of Saskachewan, Canada. "
End Quote.
This showed that a supreme being created it which we called ALIEN.
Iran to ban americans and ditch USD.
https://www.rt.com/business/375789-iran-dollar-trump-ban/
http://nypost.com/2017/01/29/iran-to-ban-us-citizens-in-retaliation-to-trump-move/
If Iran ditches USD, it will definitely push USD lower because Iran is a major oil producer.
http://news.az/articles/iran/118582
4m bpd is not a small volume.
http://nypost.com/2017/01/29/iran-to-ban-us-citizens-in-retaliation-to-trump-move/
If Iran ditches USD, it will definitely push USD lower because Iran is a major oil producer.
http://news.az/articles/iran/118582
4m bpd is not a small volume.
Monday, February 6, 2017
Who was Singapore first elected president?
http://eresources.nlb.gov.sg/infopedia/articles/SIP_808_2004-12-28.html
According to our National Library resources, our first elected president was Ong Teng Cheong.
Our last appointed president was Wee Kim Wee with vested power of an elected president.
https://sg.news.yahoo.com/sylvia-lim-chan-chun-sing-spar-over-issue-of-first-elected-president-114816839.html
An elected president has to be elected and not appointed. Therefore, it is wrong to say that Wee Kim Wee was our first elected president.
https://sg.news.yahoo.com/sylvia-lim-chan-chun-sing-spar-over-issue-of-first-elected-president-114816839.html
An elected president has to be elected and not appointed. Therefore, it is wrong to say that Wee Kim Wee was our first elected president.
South Korea will enter economic downturn in 2017
https://sg.finance.yahoo.com/news/toilet-seats-cosmetics-koreans-fret-210000152.html
As predicted in our previous postings, South Korea economy will suffer when it wants to install THAAD system. The economic impacts will materialise this year.
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