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Asian shares decline, echoing broad slump on Wall Street

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By YURI KAGEYAMA

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This article attributes the markets' decline to the war in Ukraine. Over here, the potential for a widespread lockdown in China is given as the reason. Both factors would seem to have a negative impact on the stock markets.

Regarding the new Covid problems in China, is part of the problem attributable to their use of a vaccine with a low effectiveness? Over here, it is reported that over 90% of the population over 65 is fully inoculated, and that in China the elderly have been staying away from the shots. The use of shots with a low effectiveness rating, and a low rate of inoculation, would seem to be big factors in the Covid problem in China.

Regarding the Russian invasion of Ukraine, I am hopeful that the stock markets will rebound after Russia is kicked out of Ukraine.

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The US market has been killed by the Biden administration.

That's pretty funny. The market doesn't like the interest rate rises, which were decided by Powell, a Trump nominee. Biden's stimulus had earlier jump-started an economy that was seriously devastated by Covid. The inflation is based on the currently raging demand from US consumers and businesses, which can't be met because of serious problems with the global supply chain caused by covid lockdowns and Russian sanctions. The Biden economy is on fire. The problem is what's going on in the rest of the world.

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Australia watch. It was reported today that the annual inflation rate in Australia surged to 5.1% in Q1 of 2022, from 3.5% in Q4, surpassing market estimates of 4.6% and marking the highest reading since the introduction of the Goods and Services Tax in the early 2000s. On a quarterly basis, consumer prices went up 2.1%, the most since Q3 2000, after a 1.3% gain in Q4. The RBA Trimmed Mean CPI rose by 3.7% YOY, the fastest pace in 12 years, exceeding the midpoint of the central bank’s 2-3% target. QoQ the index increased 1.4%.

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which can't be met because of serious problems with the global supply chain caused by covid lockdowns and Russian sanctions. 

A supply chain issue that existed long before Putin ever did a thing and that persisted long after Covid lockdowns were over.

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Kishida announced measures to help poor families and small businesses 

None of which will do anyone much good.

Slash government spending by at least 50%, stop subsidizing everything, stop regulating everything, and cut taxes a smidge. Poor families and small businesses would be the primary beneficiaries of a less centrally planned economy.

E.g., let’s have Japan catch up with the rest of the world and do some merging resembling 1980’s style neoliberal policy for once.

Economists and investors are concerned that the U.S. economy might slow sharply or even fall into a recession because of the big interest-rate increases the Fed is expected to push through.

Well, this investor was concerned about the profligate spending the government was doing and the excessively easy money from central banks, and I am not concerned about the central banks pulling their heads back in and stamping out inflation. But hello, the US has inflation circa 8% depending on what you count; their FF rate is still not even 1%. There is a long way to go.

In the long run, reversing the crazy pro inflation policies and stamping it out will be a positive. Some retirees want to flip me their stocks on the cheap, well I will take it. I’ve got a 20 year horizon.

1 ( +2 / -1 )

All airlines, please show me, 3 airlines in the world that shares not going down???.

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