North American companies finance themselves differently from European ones.
Archives of “May 2020” month
rssThe purchasing power of the dollar has decreased by 17.3% in the last 10 years.
Global monetary policy.
Robert Kennedy Jr had a lot to say about $MRNA
Chart shows the ratio of gold’s market cap in real dollars to crypto counterfiet market cap.
Japan reports that foreign visitors to the country fell by 99.9% year-on-year in April
The March to April period was supposed to be the peak tourism period in Japan due to the cherry blossoms season
In April 2019, Japan recorded 2,926,685 foreign visitors to the country so a near 100% drop means that Japan only saw less than 3,000 foreign visitors in April this year.
For some context, March saw a 93% year-on-year drop in foreign visitors as well.
That gives a rough idea of how dead international travel is at the moment and the toll that is it going to take on the services sector and a country’s economy.
The conditions above are only made worse by more subdued domestic consumption and spending amid the state of emergency measures. Rough times no doubt.
China says that it vows retaliation as US seriously violates One-China policy
China is furious at Pompeo’s congratulatory message to Taiwanese president, Tsai Ing-wen, on her inauguration
- Vows retaliation over Pompeo’s message to Taiwan’s Tsai
- US behaviour seriously violates One-China policy
- Expresses firm determination to realise reunification
- Says that Taiwanese independence is a dead-end
Japan warns that possible to see new wave of infections before winter
Remarks by Japan’s deputy head of the coronavirus panel, Shigeru Omi
I reckon this is the main worry for many countries, and especially so once international borders start reopening in a more meaningful way.
The whole idea for the world is to move forward while trying to keep the number of infections at a manageable level, but a secondary outbreak – one that is significant – will present a lot of complications and potential problems for many countries.
For starters, it is going to be even harder for governments to reintroduce lockdown measures in fear of public backlash. Remember, this is all a public relations exercise to them.
If they do revert to a nationwide lockdown once again, it could raise some animosity and questions surrounding their competencies in lifting restrictions in the first place.
Much like how no country was willing to go into a full-scale lockdown in the initial stages, it is going to take one country to set an example here – that is if we do get to such a state – before the others will adopt a similar approach. Monkey see, monkey do.
Chart shows the ratio of gold’s market cap in real dollars to crypto counterfiet market cap.
Mainland Chinese airlines show signs of recovery
Nikkei reporting on some encouraging info out of China,. may be indicative of what is ahead globally?
(Given China is a couple of months ahead of most other countries in coronavirus recovery, travel restrictions being lifted and what have you)
Nikkei citing the latest monthly operation data provided by China’s airlines .
- Shanghai-based Spring Airlines’ passenger load factor — which measures how efficiently passenger seats are filled — was back to above 70% in April. Still below the 82% passenger load factor reached in January, this came after Spring Airlines — the country’s top low-cost carrier — achieved a 9.8% month-on-month increase in revenue-passenger-kilometres, or RPK, which shows the carrier is flying more people over longer distances.
- For the big three state-owned carriers — China Southern Airlines, China Eastern Airlines and Air China — passenger load factor came back to around the mid-60% range in April.
Its not all better news, here is the link if you want to follow this up further.
