I expect nothing to come out of those talks. The gap is too wide.

Duck complained abt subsidies China gave to its state owned companies. The question is does US gave subsidies to aid its industries ? The answer is a clear "Yes". Boeing receives huge subsidies from the US government. So does Airbus.

With a position like this, there is probably no trade deal.

The question is how to u view the ongoing trade war ? I do not expect any resolution in the near term. Their gap is wide. How is this going to affect our investments. Unless u have deep pockets, it is hard to keep averaging down.

Posted by apple168 > Aug 30, 2019 10:26 AM | Report Abuse

Those who sell Genting shares below 6.00 now really brainless! Failed in maths!

Look at the bigger picture. The trade war will affect all markets irrespective of whether the stock is good or not. If the Duck were to invoke the law to force US companies out of China, US would fall into a recession as deep as that in 2009. Then QE 5 will come into the picture.

The latest results have not factor in its investment in that loss making casino.

That's it :
"No doubt its a good company, but most view the current price not the level they are comfortable with to get in or top up."

Bush gave citizenship to ex-communist soldiers of Poland to fight in Iraq. The duck now wants to take it back. A brillant idea.

"America system is broken" simply means that wealth is not equally shared among its citizens. The US n western powers benefited from globalization but the income of the ordinary citizens dropped. The question is where the benefits went to? It went to the few percentage of the richest. The yellow vest in France vent their anger at Macron while Trump created a narrative that only China benefited.

In the China, 88% of the population has been pulled out of poverty. Otherwise, the CCP would have been overthrown long ago.

But this does not have a connection with stock mart performance in US. The rich, the hedge funds .. have all the means to play the market up n down.

No Hong Kong housing crisis if ex-leader Tung Chee-hwa had stuck to goal of 85,000 flats a year.
“However under the pressure of public opinion, especially the opposition bloc in the Legislative Council, we couldn’t continue our push,”


The Pan-Democrats responsible for the housing crisis. They fear the value of their apartments will come down.

Why is petro-chemical industry a sunset industry ? It is like any industry being subject to supply and demand.

Just listen to what Ray Dalio, the hedge fund manager of Bridgewater Investment said when asked by the audience abt China's debt. He said China's debt are all internal n can be proactively managed. Ray Dalio has lived in China for over 10 years. It is a talk at a forum in US (avaliable in Utube)

why do freedom loving ppl block foreigners from boarding planes at the airport ? At least, these foreigners will spread the news of what happened to them when they finally reach their home.

Soros is unable to simple because RMB is not convertible.

Posted by enning22 > Aug 27, 2019 10:49 AM | Report Abuse

don't be silly , the outcome already out there, massive unemployment is happening now in China, that you won't know,business shut down everywhere, currency devalued , food price sky rocketing ,massive foreign deinvestment , all these are fact , not imagination,

The RMB is not convertible except for the amount marked for trade and investment. China is purposely devaluing it agst USD. It is foolhardy to try to prop up RMB in face of trade war as the Duck would like. With limited capital flight, it should be able to weather uncertain times.

Beijing has cast doubt on whether trade talks are set to resume, with its foreign ministry contradicting US President Donald Trump’s claim that China had sought a return to the negotiating table and state media saying the countries were in touch only at a “technical level”. (SCMP)

XI himself is a US graduate. They want to learn ideas of the West and adapt the good ones to the betterment of China. They do not follow the West blindly. China itself does not practise the original communism of Marx. It is a hybrid of capitalism n communism. The hybrid system that makes all its citizens well to do.

If US companies were to close shop in China, the US economy will plunge like the Financial crisis of 2009. The global economy will enter a recession. By that time, US will do a QE5, I think.

From The Edge Weekly,... China's output per year of nitrile gloves is 12 billion pieces while M'sia's output for the same category of gloves is 102 billion pieces.
Thus the 10% tariff on medical gloves is not likely to benefit M'sia's glove sector much.

From the Elliott Wave perspective, the Dow is now at its minor 4th wave n is set to retest its former low made days ago.

A triple zig-zag for Dow Jones:-

https://invst.ly/bw7kz

Posted by laychee > Aug 25, 2019 3:18 PM | Report Abuse

No matter what, it is an escalation of the ongoing trade war.

If the US is still ahead in military might, WWIII would already have started as US wants to wallop all nations that threaten its dominance.

Unfortunately, Russia has already overtaken US in hypersonic missiles for which US has no defence. China's hypersonic missiles is expected to become operational in 2020 i.e. next year

So, the Duck now resorts to trade war.

Posted by qqq3 > Aug 23, 2019 11:24 AM | Report Abuse

their teenagers are very proud HK have the most free economy in the world...free to screw themselves.

Exactly! What is the value of this pride ?? Zero value except for bragging online. LKY is wise and correct. LKY does not allow unbridled capitalism in S'pore.

Posted by Apple Juice > Aug 22, 2019 2:44 PM | Report Abuse

Qqq3! Madam,China took advantage of US patronage for 25 years!

It can also be said US took advantage of China's cheap labour and vast market. There are 2 sides to it.

Today :
"The RMB, which earlier this month breached 7 per dollar for the first time since the financial crisis, weakened 0.15% to 7.0740 per greenback as of 12:30 p.m. in Shanghai, extending a six-day drop to 0.7%, the biggest in Asia. The offshore rate fell 0.27%.

The weakness comes as U.S. President Donald Trump said overnight he was the "chosen one” to wage a trade war with China and asserted that he’s winning.

The Chinese government is making arrangements for the possibility that no trade deal is reached with the U.S., Hu Xijin, editor-in-chief of the state-run Global Times, wrote in a tweet Wednesday."

China preparing for the possibility of no trade deal with US. China is weakening the RMB. Will there be another crash in Wall Street ?

SHANGHAI (Reuters) - China is considering testing a ban on gasoline-powered vehicles in some parts of the country and may set a timetable to eventually phase out such vehicles, according to the industry ministry.

The oil age is begining to wane.

Today :
President Donald Trump again showed no signs of backing down in his tussle with China, declaring on Tuesday a confrontation was necessary even if it caused short-term harm to the U.S. economy.

It is the US which pressed China to open up for trade decades ago. In the minds of US, China could not catch up with the West even for 100 years.

Then, suddenly, they come to realise that their calculation was all wrong !

Now, comes the US containment policy, the last of which ended with US defeat in Vietnam. Unfortunately, their memories are short.

After withdrawal from Vietnam, US left Thailand to her fate. US use its airbase in Thailand to bomb Vietnam. Phan Van Dong threaten to invade Thailand after the US withdrawal. Now, US is seeking to place their intermediate range missile in other Asian countries which could be destroyed in retaliation.

Hang Seng drops 60 pts at close. Everything is bearish in HK

SHK Properties is known to have bid up the prices of their apartments themselves. Culprits are property tycoons n British gomen.

"Actually it was caused by LKS and the British." That is the true picture.

Posted by laychee > Aug 20, 2019 3:42 PM |

Youth in HK thought Chinese from mainland caused property price to surge.

Actually it was caused by LKS and the British.

The main culprit is the British colonial government. Governments have executive powers. They can make laws to prevent the construction of shoebox flats like S'pore did. But they didn't do.

They talk abt freedom but they denied foreigners of their freedom by making them hostages at their airports.

This is the legacy of British rule, namely unbridled capitalism. Total free market. Making a fortune during those times are never easy. Wealth inequality is great simply because the British cares only abt their own colonial interest not "Golden Rule". Yet, the protesters are worshiping the British like gods.

Just look at KL. A decade ago,in response to complaints abt developers building expensive condos to cater for foreigners, Hishamuddin replied "this is free enterprise" and that the government cannot intervene.

Posted by laychee > Aug 16, 2019 2:08 PM | Report Abuse

Extreme measure will invite western countries' intervention. It could into a big snowball.

It is within the Basic Law that PRC can move in at the request of HK government. Of course, if the inevitable comes.
Macao government have made such request after the flooding caused by Typhoon Mangkhut to assist in the clean up.

Hong Kong protests could threaten city’s status as an international shipping hub, analysts say.

While Beijing has never spoken publicly about the economic consequences
of the escalating protests over the past two months, a widely shared view within China is that the central government should reduce its reliance on Hong Kong as its key financial and logistics gateway to the rest of the world.

This could result in mainland ports having greater autonomy in managing the shipment of goods into and out of China, analysts said.

China this month upgraded and expanded
a free-trade zone in Shanghai, which covers an area about the Hong Kong Island and Kowloon combined, with the ambitious goal of becoming “China’s bridgehead integrating into a globalised economy by 2035”.

Dr Collin Wong Wai-hung, associate dean of the School of Decision Sciences at the Hang Seng University of Hong Kong, estimated Hong Kong could lose all transshipment rights in the non-Pearl River Delta region, which could translate into a loss of 2.4 million container twenty food-equivalent units (TEU) – a measurement of standard container sizes. Should China fully relax cabotage rules in other parts, this could dent Hong Kong’s annual container throughput (the cargo passing through the port) by 14 per cent. (SCMP)

From a technical perspective, the strong pivot for Pchem lies at abt 6.85

I read fung shui from Lynn Yap: stock market outlook 2019 - share prices in the stock market can collapse around Sep/Oct. There is a big crash and this is the year.

There is no absolute freedom of expression everywhere. For example, in Thailand, if u poke fun on the royalty, u will be arrested. What is the value of freedom of expression if the consequence is everything gets burnt down ?

From the technical aspect, Genting looks set to retest its previous lows having breached its important support at 6.19

"weaponise" is not the right word. The companies are passing the tariff to the buyers just like glovemakers passing their increase in cost to buyers.

This round it is likely to be liquor.

Genting is for long term investors. If I remember, the history of Genting have seen a lot of these controlling shareholder transactions. Yet, Genting continues to grow to this day.

Genting holds 100% of its new Las Vegas casino. New startups are bound to incur losses in the beginning. If u want to have Genting in your portfolio, u must be mentally prepared.

Allowing a country's currency to move according to market forces without intervention is manipulating ??

Posted by nhbeen > Aug 6, 2019 8:49 AM | Report Abuse

I have noted his postings for quite a while. He always posted after some market news, be it negative or positive. Meaning he is using historical figures to post his views. I believe anyone also can be great with a view of the past. Why don't he share some predictions about the upcoming market trends for us to witness? If he is right, I will definitely follow his blog even closer.

One consultant used to post his Elliott Wave chart on the net before the event n got it right mos of the time and is stacking his reputation as a consultant. I do not see it here. Merely discussing about capitulation brings nothing.

KADR Projects HSI to Open Down 538 pts to 25,613

Even IMF said there was no manipulation of RMB as alleged by Don. It is just market forces interacting.

Now, not intervening to defend RMB and let the market forces decides, becomes manipulation.

In 2018, when trump attacked china by imposing tariff , RMB to USD exchange rate declined from 6 to 7, a drop of 15%

What is the implication ?

Fair enough, its USD500 bil export to US suffered. Let's say it suffered by 25% x USD500 bil. It is equivalent to USD125 bil

But due to decline in RMB，the profit margin of its remaining export to the rest of the world experience huge expansion. For simplistic comparison purpose, 15% x USD1,800 bil = USD270 bil

Let me sum it up for you : Penalty by US is USD125 bil, while gain from rest of the world is USD270 bil

If you are China, won't you yawn at Trump's tariff ?


Spot on, Icon8888. In fact, PRC did not manipulate RMB. They just let RMB slide by itself. The issue then was "no forex intervention by PRC could mean forex intervention ? "

PRC's response.

"PRC Scraps US Pork Orders in Record Scale".
China is drawing back her booking orders for 14,700 tonnes of U.S. pork, scheduled for shipment in 2019 and 2020, said foreign media.

This was said to be the largest booking withdrawal by China since 2013, according to the statistics of U.S. Department of Agriculture.

Posted by avengers19 > Aug 2, 2019 2:45 PM | Report Abuse

That doesn't mean they paid them US 1 BILLION my friend haha. It's just that the lawsuit which was 1 billion has been settled.

U are right. They do not disclose the terms of their settlement.

Investors do not buy Trump's propaganda that US economy is doing fine. If what Trump said is true, why must Fed lower interest rates ? Powell has a hard time explaining his rationale of lowering interest rates.

"The arrogance and ignorance of Hong mongers are no where to find,"

You are right. A few years back, I was in Hong Kong n I do find the people there arrogant. I asked my way by showing the name of a street to a Hong Kong shopkeeper and his reply was "don't know".

The people of Macao are friendly and are able to converse in Cantonese, Mandarin, English, Portuguese. At least, I can see the wisdom of Macao people.

Now, Hongkees are saying Hong Kong will bounce back. I doubt it. PRC will leave Hong Kong in the cold and develop Shenzhen as another Hong Kong, New laws will be erected to turn it into an international city n if successful, the rest of China will follow. Change is indeed taking place in PRC for the better.

It is easy to say "I love democracy", "I love freedom of speech" ....

Hongkong's problem would not have arisen if the British had not used their gunboat to grab other people's land. The people of Chagos are still waiting to return to their original home stolen by UK n leased out to US to build its naval base in the Indian Ocean.

Like they say, if there is no Act 1, then there is no Act 2.