Economic News

Leer en Español Merchandise exports from Asia (excluding Japan) fell 5.3% year on year in 2023, the sharpest decline since 2015. This was chiefly due to a downturn in the global electronics cycle—electronics are the region’s key export—as firms ran down the large inventories they had accumulated during the pandemic rather than making new purchases. But in recent months the tide has turned, and our Consensus is for further rises in exports from Asia in coming quarters. AI boom helps exports from Asia to recover After many months of continuous contractions, goods exports from Asia finally returned to growth in Q4 2023 in many of the region’s key exporters, such as China, Korea, Taiwan, Thailand and Vietnam. And this improvement has continued this year, with export readings often beating the market forecast; Taiwan’s March exports growth was more than double analysts’ forecasts, for instance. The gradual exhaustion of the electronics destocking cycle and the surge in demand for AI applications around the world is buoying demand for the region’s IT exports—particularly for semiconductors, the backbone of the AI industry. Upgrades to the market forecast Since the end of last year, our Consensus for growth of goods exports from Asia (excluding Japan) in 2024 and 2025 has roughly doubled to 2.2% and 4.4%, respectively, with further upgrades possible in the months ahead. These readings would be higher still were it not for China, whose export growth is set to be muted due to Western trade and tech restrictions, plus overcapacity in some sectors weighing on export prices. Risks to the outlook for exports from Asia are elevated Not everything will be plain sailing for exports from Asia in the coming years. As well as the aforementioned difficulties faced by China, rising protectionism in the West more generally is a key risk to the region as a whole. If Donald Trump clinches the U.S. presidency, he has threatened to jack up tariffs not just on China but also on the wider world, which could rewire the global trade environment—and not in Asia’s favor. Adding to this, the EU is also aiming to build greater autonomy in key strategic sectors such as electric batteries and microchips. And in the Middle East, conflict could further disrupt trade flows; shipping via the Red Sea has already been interrupted this year by Houthi attacks.   Insight from our panelists Sonal Varma and Si Ying Toh, research analysts at Nomura, spoke about the upbeat economic outlook for the region: “The most important factor underpinning our positive cyclical view is the turn in the goods cycle, which we believe is transitioning from a recovery to an expansionary phase. This is mainly led by semiconductors, due to the end of the inventory correction phase and rising AI demand. As such, the benefits should percolate largely to the open,tech-oriented economies in the region.” On the impact of Trump’s proposed 60% tariff on Chinese imports, Goldman Sachs analysts said: “The 2018-19 trade war did slow China’s economic growth, in our view. We estimated a cumulative drag of 0.65pp on the level of GDP in China through channels such as lower exports, increased uncertainty, and tighter financial conditions. If we were to linearly extrapolate our estimates but adjust for the now-smaller share of Chinese exports that go directly to the US, then a 60% tariff on Chinese goods would reduce China’s real GDP by around 2pp.” Our latest analysis Argentina’s exports rose in March. Inflation in France fell in March.  

Zohran Mamdani has won the New York City mayoral election, becoming the city’s first Muslim mayor and the youngest in over a century. His victory marks a significant shift in the political landscape, as he ran on a Marxist platform focused on economic equality and social justice which is even prohibited by the Ten Commandments. Back in 2016, I moved to Florida. The computer made a MAJOR long-term sell signal on New York City. The first serious low will be 2029. Foreign-Born Population of New York City is approximately 36% of NYC’s residents. This is the same pattern that was unfolding in Rome, which was the first city in the world to reach a population of 1 million. The fall of Rome  was dramatic and immigration began to pour in and it was not until the Victorian Era when London would reach that 1 million mark. In 1940, the White population of New York City stood at over 90%. By 1970, that was down to 62%. Ten years later it fell to 51% in 1980 then in 1990 it dropped sharply to 43.2%. The by 2000 the White population plunged to 35% and now by 2025 it is estimated to be about 17% and Mamdani intends to engage in racist economics and wants to impose higher taxes on the White Community. If a white candidate ran on a platform to raise taxes on blacks and hispanics and redistribute that wealth to the white community, there would be such protests that it would make the headlines worldwide. This is what the Democratic Party clings to – class warfare. They refuse to understand that these anti-free policies are at the core of why Communism Collapsed and it is simply our turn for our date with the destruction of our empires, nations, and city-states that embrace Marxism which is NOT about equal right, but money. These people refuse to learn from history. The failure of communism in most countries is attributed to economic inefficiency and suppression of individual initiative, which together stifled innovation and productivity. If people are punished for innovation and demonized like J.P. Morgan and Henry Ford because they simply made a lot of money, then there would be no economic growth. The ruthless interrogation of J.P. Morgan by Samuel Untermyer demonstrates how Democrats see only the money and never understand the economy – EVER! J.P. Morgan not only moved the financial capital from Philadelphia to New York, he was instrumental in moving it from London to New York. So many industries were forged because of Morgan. He singlehandedly saving the banking system during the Panic of 1907 which became the model for the Federal Reserve in 1913. Henry Ford made automobiles affordable and created the auto industry. Targeting such people and demonizing them because they had more than someone else is what destroys economic growth. Here is the federal tax rate in the constant war to rob anyone who is productive to redistribute wealth to those who are not. Those in Congress just attack anyone who makes more money than they do while taking bribes from the lobbyists to protect insurance companies which are legalized theft organizations. Personally, I have NEVER had any insurance company even once honor what they sold. My mother’s house the pipes froze and broke. They sent investigators to question all the neighbors and then denied any liability claiming she was at my sister’s house and after 45 years of paying homeowner insurance they paid ZERO! Back in the ’80s,  we provided health insurance to all employees and their families. It would be about $1,650 a year. The average total cost for a family plan is around $24,000 per year. The average salary in 1985 was about $25,000 so the cost of providing health insurance was less that 0.7%. It use to be handed out like candy on trick or treat. Even at $75,000, health insurance is about one-third. How did it rise from 0.7% to 33% in 40 years? We are blamed and tax the rich people but never address the real rise in the “equality” claims because they are paid by lobbyists to look the other war. While the healthcare industry has always included for-profit entities, the scale and influence of for-profit insurance companies, hospital chains, and investor-owned providers have expanded, aiming to generate returns for shareholders, then the legal profession has taken everything from slip-and-fall cases to malpractice claims to new heights. Fearing malpractice lawsuits, doctors may order extra tests, scans, and consultations that are not strictly medically necessary, solely to create a legal record that they were “thorough.” When my mother was in the hospital, they wanted to send her to rehab where the first time they nearly killed her arbitrarily changing all her medicines. There was no way we were going through that again and my sister looked this hospital pretend doctors who was really just soliciting business, and asked if this was your mother would you do that. She at least had a conscious and would not answer but shook her head to say no. Zohran Mamdani is scheduled to assume office on January 1, 2026. The computer is showing a serious change in trend will start in February 2026. Note that the volatility was scheduled to rise starting in November. NYC is in its death throws. Wall Street has been steadily moving to Florida. You should NOT have any brokerage accounts in NYC. As the income of the city declines, as the teachers in Chicago were pushing for a tax on every transaction on the commodity and stock exchanges, will surface in NYC as well. Here’s what is clear about his campaign promises in key areas: Freeze rent increases for rent-stabilized apartments. Make city buses fare-free (i.e., free bus service). Provide universal childcare for ages 6 weeks to 5 years. Create city-owned grocery stores to reduce food costs. Raise corporate taxes (to New Jersey’s 11.5%) and tax the top 1% (flat 2% for incomes >$1 M) to fund these programs. Much

Leer en Español Merchandise exports from Asia (excluding Japan) fell 5.3% year on year in 2023, the sharpest decline since 2015. This was chiefly due to a downturn in the global electronics cycle—electronics are the region’s key export—as firms ran down the large inventories they had accumulated during the pandemic rather than making new purchases. But in recent months the tide has turned, and our Consensus is for further rises in exports from Asia in coming quarters. AI boom helps exports from Asia to recover After many months of continuous contractions, goods exports from Asia finally returned to growth in Q4 2023 in many of the region’s key exporters, such as China, Korea, Taiwan, Thailand and Vietnam. And this improvement has continued this year, with export readings often beating the market forecast; Taiwan’s March exports growth was more than double analysts’ forecasts, for instance. The gradual exhaustion of the electronics destocking cycle and the surge in demand for AI applications around the world is buoying demand for the region’s IT exports—particularly for semiconductors, the backbone of the AI industry. Upgrades to the market forecast Since the end of last year, our Consensus for growth of goods exports from Asia (excluding Japan) in 2024 and 2025 has roughly doubled to 2.2% and 4.4%, respectively, with further upgrades possible in the months ahead. These readings would be higher still were it not for China, whose export growth is set to be muted due to Western trade and tech restrictions, plus overcapacity in some sectors weighing on export prices. Risks to the outlook for exports from Asia are elevated Not everything will be plain sailing for exports from Asia in the coming years. As well as the aforementioned difficulties faced by China, rising protectionism in the West more generally is a key risk to the region as a whole. If Donald Trump clinches the U.S. presidency, he has threatened to jack up tariffs not just on China but also on the wider world, which could rewire the global trade environment—and not in Asia’s favor. Adding to this, the EU is also aiming to build greater autonomy in key strategic sectors such as electric batteries and microchips. And in the Middle East, conflict could further disrupt trade flows; shipping via the Red Sea has already been interrupted this year by Houthi attacks.   Insight from our panelists Sonal Varma and Si Ying Toh, research analysts at Nomura, spoke about the upbeat economic outlook for the region: “The most important factor underpinning our positive cyclical view is the turn in the goods cycle, which we believe is transitioning from a recovery to an expansionary phase. This is mainly led by semiconductors, due to the end of the inventory correction phase and rising AI demand. As such, the benefits should percolate largely to the open,tech-oriented economies in the region.” On the impact of Trump’s proposed 60% tariff on Chinese imports, Goldman Sachs analysts said: “The 2018-19 trade war did slow China’s economic growth, in our view. We estimated a cumulative drag of 0.65pp on the level of GDP in China through channels such as lower exports, increased uncertainty, and tighter financial conditions. If we were to linearly extrapolate our estimates but adjust for the now-smaller share of Chinese exports that go directly to the US, then a 60% tariff on Chinese goods would reduce China’s real GDP by around 2pp.” Our latest analysis Argentina’s exports rose in March. Inflation in France fell in March.  

Zohran Mamdani has won the New York City mayoral election, becoming the city’s first Muslim mayor and the youngest in over a century. His victory marks a significant shift in the political landscape, as he ran on a Marxist platform focused on economic equality and social justice which is even prohibited by the Ten Commandments. Back in 2016, I moved to Florida. The computer made a MAJOR long-term sell signal on New York City. The first serious low will be 2029. Foreign-Born Population of New York City is approximately 36% of NYC’s residents. This is the same pattern that was unfolding in Rome, which was the first city in the world to reach a population of 1 million. The fall of Rome  was dramatic and immigration began to pour in and it was not until the Victorian Era when London would reach that 1 million mark. In 1940, the White population of New York City stood at over 90%. By 1970, that was down to 62%. Ten years later it fell to 51% in 1980 then in 1990 it dropped sharply to 43.2%. The by 2000 the White population plunged to 35% and now by 2025 it is estimated to be about 17% and Mamdani intends to engage in racist economics and wants to impose higher taxes on the White Community. If a white candidate ran on a platform to raise taxes on blacks and hispanics and redistribute that wealth to the white community, there would be such protests that it would make the headlines worldwide. This is what the Democratic Party clings to – class warfare. They refuse to understand that these anti-free policies are at the core of why Communism Collapsed and it is simply our turn for our date with the destruction of our empires, nations, and city-states that embrace Marxism which is NOT about equal right, but money. These people refuse to learn from history. The failure of communism in most countries is attributed to economic inefficiency and suppression of individual initiative, which together stifled innovation and productivity. If people are punished for innovation and demonized like J.P. Morgan and Henry Ford because they simply made a lot of money, then there would be no economic growth. The ruthless interrogation of J.P. Morgan by Samuel Untermyer demonstrates how Democrats see only the money and never understand the economy – EVER! J.P. Morgan not only moved the financial capital from Philadelphia to New York, he was instrumental in moving it from London to New York. So many industries were forged because of Morgan. He singlehandedly saving the banking system during the Panic of 1907 which became the model for the Federal Reserve in 1913. Henry Ford made automobiles affordable and created the auto industry. Targeting such people and demonizing them because they had more than someone else is what destroys economic growth. Here is the federal tax rate in the constant war to rob anyone who is productive to redistribute wealth to those who are not. Those in Congress just attack anyone who makes more money than they do while taking bribes from the lobbyists to protect insurance companies which are legalized theft organizations. Personally, I have NEVER had any insurance company even once honor what they sold. My mother’s house the pipes froze and broke. They sent investigators to question all the neighbors and then denied any liability claiming she was at my sister’s house and after 45 years of paying homeowner insurance they paid ZERO! Back in the ’80s,  we provided health insurance to all employees and their families. It would be about $1,650 a year. The average total cost for a family plan is around $24,000 per year. The average salary in 1985 was about $25,000 so the cost of providing health insurance was less that 0.7%. It use to be handed out like candy on trick or treat. Even at $75,000, health insurance is about one-third. How did it rise from 0.7% to 33% in 40 years? We are blamed and tax the rich people but never address the real rise in the “equality” claims because they are paid by lobbyists to look the other war. While the healthcare industry has always included for-profit entities, the scale and influence of for-profit insurance companies, hospital chains, and investor-owned providers have expanded, aiming to generate returns for shareholders, then the legal profession has taken everything from slip-and-fall cases to malpractice claims to new heights. Fearing malpractice lawsuits, doctors may order extra tests, scans, and consultations that are not strictly medically necessary, solely to create a legal record that they were “thorough.” When my mother was in the hospital, they wanted to send her to rehab where the first time they nearly killed her arbitrarily changing all her medicines. There was no way we were going through that again and my sister looked this hospital pretend doctors who was really just soliciting business, and asked if this was your mother would you do that. She at least had a conscious and would not answer but shook her head to say no. Zohran Mamdani is scheduled to assume office on January 1, 2026. The computer is showing a serious change in trend will start in February 2026. Note that the volatility was scheduled to rise starting in November. NYC is in its death throws. Wall Street has been steadily moving to Florida. You should NOT have any brokerage accounts in NYC. As the income of the city declines, as the teachers in Chicago were pushing for a tax on every transaction on the commodity and stock exchanges, will surface in NYC as well. Here’s what is clear about his campaign promises in key areas: Freeze rent increases for rent-stabilized apartments. Make city buses fare-free (i.e., free bus service). Provide universal childcare for ages 6 weeks to 5 years. Create city-owned grocery stores to reduce food costs. Raise corporate taxes (to New Jersey’s 11.5%) and tax the top 1% (flat 2% for incomes >$1 M) to fund these programs. Much

Leer en Español Merchandise exports from Asia (excluding Japan) fell 5.3% year on year in 2023, the sharpest decline since 2015. This was chiefly due to a downturn in the global electronics cycle—electronics are the region’s key export—as firms ran down the large inventories they had accumulated during the pandemic rather than making new purchases. But in recent months the tide has turned, and our Consensus is for further rises in exports from Asia in coming quarters. AI boom helps exports from Asia to recover After many months of continuous contractions, goods exports from Asia finally returned to growth in Q4 2023 in many of the region’s key exporters, such as China, Korea, Taiwan, Thailand and Vietnam. And this improvement has continued this year, with export readings often beating the market forecast; Taiwan’s March exports growth was more than double analysts’ forecasts, for instance. The gradual exhaustion of the electronics destocking cycle and the surge in demand for AI applications around the world is buoying demand for the region’s IT exports—particularly for semiconductors, the backbone of the AI industry. Upgrades to the market forecast Since the end of last year, our Consensus for growth of goods exports from Asia (excluding Japan) in 2024 and 2025 has roughly doubled to 2.2% and 4.4%, respectively, with further upgrades possible in the months ahead. These readings would be higher still were it not for China, whose export growth is set to be muted due to Western trade and tech restrictions, plus overcapacity in some sectors weighing on export prices. Risks to the outlook for exports from Asia are elevated Not everything will be plain sailing for exports from Asia in the coming years. As well as the aforementioned difficulties faced by China, rising protectionism in the West more generally is a key risk to the region as a whole. If Donald Trump clinches the U.S. presidency, he has threatened to jack up tariffs not just on China but also on the wider world, which could rewire the global trade environment—and not in Asia’s favor. Adding to this, the EU is also aiming to build greater autonomy in key strategic sectors such as electric batteries and microchips. And in the Middle East, conflict could further disrupt trade flows; shipping via the Red Sea has already been interrupted this year by Houthi attacks.   Insight from our panelists Sonal Varma and Si Ying Toh, research analysts at Nomura, spoke about the upbeat economic outlook for the region: “The most important factor underpinning our positive cyclical view is the turn in the goods cycle, which we believe is transitioning from a recovery to an expansionary phase. This is mainly led by semiconductors, due to the end of the inventory correction phase and rising AI demand. As such, the benefits should percolate largely to the open,tech-oriented economies in the region.” On the impact of Trump’s proposed 60% tariff on Chinese imports, Goldman Sachs analysts said: “The 2018-19 trade war did slow China’s economic growth, in our view. We estimated a cumulative drag of 0.65pp on the level of GDP in China through channels such as lower exports, increased uncertainty, and tighter financial conditions. If we were to linearly extrapolate our estimates but adjust for the now-smaller share of Chinese exports that go directly to the US, then a 60% tariff on Chinese goods would reduce China’s real GDP by around 2pp.” Our latest analysis Argentina’s exports rose in March. Inflation in France fell in March.  

Zohran Mamdani has won the New York City mayoral election, becoming the city’s first Muslim mayor and the youngest in over a century. His victory marks a significant shift in the political landscape, as he ran on a Marxist platform focused on economic equality and social justice which is even prohibited by the Ten Commandments. Back in 2016, I moved to Florida. The computer made a MAJOR long-term sell signal on New York City. The first serious low will be 2029. Foreign-Born Population of New York City is approximately 36% of NYC’s residents. This is the same pattern that was unfolding in Rome, which was the first city in the world to reach a population of 1 million. The fall of Rome  was dramatic and immigration began to pour in and it was not until the Victorian Era when London would reach that 1 million mark. In 1940, the White population of New York City stood at over 90%. By 1970, that was down to 62%. Ten years later it fell to 51% in 1980 then in 1990 it dropped sharply to 43.2%. The by 2000 the White population plunged to 35% and now by 2025 it is estimated to be about 17% and Mamdani intends to engage in racist economics and wants to impose higher taxes on the White Community. If a white candidate ran on a platform to raise taxes on blacks and hispanics and redistribute that wealth to the white community, there would be such protests that it would make the headlines worldwide. This is what the Democratic Party clings to – class warfare. They refuse to understand that these anti-free policies are at the core of why Communism Collapsed and it is simply our turn for our date with the destruction of our empires, nations, and city-states that embrace Marxism which is NOT about equal right, but money. These people refuse to learn from history. The failure of communism in most countries is attributed to economic inefficiency and suppression of individual initiative, which together stifled innovation and productivity. If people are punished for innovation and demonized like J.P. Morgan and Henry Ford because they simply made a lot of money, then there would be no economic growth. The ruthless interrogation of J.P. Morgan by Samuel Untermyer demonstrates how Democrats see only the money and never understand the economy – EVER! J.P. Morgan not only moved the financial capital from Philadelphia to New York, he was instrumental in moving it from London to New York. So many industries were forged because of Morgan. He singlehandedly saving the banking system during the Panic of 1907 which became the model for the Federal Reserve in 1913. Henry Ford made automobiles affordable and created the auto industry. Targeting such people and demonizing them because they had more than someone else is what destroys economic growth. Here is the federal tax rate in the constant war to rob anyone who is productive to redistribute wealth to those who are not. Those in Congress just attack anyone who makes more money than they do while taking bribes from the lobbyists to protect insurance companies which are legalized theft organizations. Personally, I have NEVER had any insurance company even once honor what they sold. My mother’s house the pipes froze and broke. They sent investigators to question all the neighbors and then denied any liability claiming she was at my sister’s house and after 45 years of paying homeowner insurance they paid ZERO! Back in the ’80s,  we provided health insurance to all employees and their families. It would be about $1,650 a year. The average total cost for a family plan is around $24,000 per year. The average salary in 1985 was about $25,000 so the cost of providing health insurance was less that 0.7%. It use to be handed out like candy on trick or treat. Even at $75,000, health insurance is about one-third. How did it rise from 0.7% to 33% in 40 years? We are blamed and tax the rich people but never address the real rise in the “equality” claims because they are paid by lobbyists to look the other war. While the healthcare industry has always included for-profit entities, the scale and influence of for-profit insurance companies, hospital chains, and investor-owned providers have expanded, aiming to generate returns for shareholders, then the legal profession has taken everything from slip-and-fall cases to malpractice claims to new heights. Fearing malpractice lawsuits, doctors may order extra tests, scans, and consultations that are not strictly medically necessary, solely to create a legal record that they were “thorough.” When my mother was in the hospital, they wanted to send her to rehab where the first time they nearly killed her arbitrarily changing all her medicines. There was no way we were going through that again and my sister looked this hospital pretend doctors who was really just soliciting business, and asked if this was your mother would you do that. She at least had a conscious and would not answer but shook her head to say no. Zohran Mamdani is scheduled to assume office on January 1, 2026. The computer is showing a serious change in trend will start in February 2026. Note that the volatility was scheduled to rise starting in November. NYC is in its death throws. Wall Street has been steadily moving to Florida. You should NOT have any brokerage accounts in NYC. As the income of the city declines, as the teachers in Chicago were pushing for a tax on every transaction on the commodity and stock exchanges, will surface in NYC as well. Here’s what is clear about his campaign promises in key areas: Freeze rent increases for rent-stabilized apartments. Make city buses fare-free (i.e., free bus service). Provide universal childcare for ages 6 weeks to 5 years. Create city-owned grocery stores to reduce food costs. Raise corporate taxes (to New Jersey’s 11.5%) and tax the top 1% (flat 2% for incomes >$1 M) to fund these programs. Much

Leer en Español Merchandise exports from Asia (excluding Japan) fell 5.3% year on year in 2023, the sharpest decline since 2015. This was chiefly due to a downturn in the global electronics cycle—electronics are the region’s key export—as firms ran down the large inventories they had accumulated during the pandemic rather than making new purchases. But in recent months the tide has turned, and our Consensus is for further rises in exports from Asia in coming quarters. AI boom helps exports from Asia to recover After many months of continuous contractions, goods exports from Asia finally returned to growth in Q4 2023 in many of the region’s key exporters, such as China, Korea, Taiwan, Thailand and Vietnam. And this improvement has continued this year, with export readings often beating the market forecast; Taiwan’s March exports growth was more than double analysts’ forecasts, for instance. The gradual exhaustion of the electronics destocking cycle and the surge in demand for AI applications around the world is buoying demand for the region’s IT exports—particularly for semiconductors, the backbone of the AI industry. Upgrades to the market forecast Since the end of last year, our Consensus for growth of goods exports from Asia (excluding Japan) in 2024 and 2025 has roughly doubled to 2.2% and 4.4%, respectively, with further upgrades possible in the months ahead. These readings would be higher still were it not for China, whose export growth is set to be muted due to Western trade and tech restrictions, plus overcapacity in some sectors weighing on export prices. Risks to the outlook for exports from Asia are elevated Not everything will be plain sailing for exports from Asia in the coming years. As well as the aforementioned difficulties faced by China, rising protectionism in the West more generally is a key risk to the region as a whole. If Donald Trump clinches the U.S. presidency, he has threatened to jack up tariffs not just on China but also on the wider world, which could rewire the global trade environment—and not in Asia’s favor. Adding to this, the EU is also aiming to build greater autonomy in key strategic sectors such as electric batteries and microchips. And in the Middle East, conflict could further disrupt trade flows; shipping via the Red Sea has already been interrupted this year by Houthi attacks.   Insight from our panelists Sonal Varma and Si Ying Toh, research analysts at Nomura, spoke about the upbeat economic outlook for the region: “The most important factor underpinning our positive cyclical view is the turn in the goods cycle, which we believe is transitioning from a recovery to an expansionary phase. This is mainly led by semiconductors, due to the end of the inventory correction phase and rising AI demand. As such, the benefits should percolate largely to the open,tech-oriented economies in the region.” On the impact of Trump’s proposed 60% tariff on Chinese imports, Goldman Sachs analysts said: “The 2018-19 trade war did slow China’s economic growth, in our view. We estimated a cumulative drag of 0.65pp on the level of GDP in China through channels such as lower exports, increased uncertainty, and tighter financial conditions. If we were to linearly extrapolate our estimates but adjust for the now-smaller share of Chinese exports that go directly to the US, then a 60% tariff on Chinese goods would reduce China’s real GDP by around 2pp.” Our latest analysis Argentina’s exports rose in March. Inflation in France fell in March.  

Zohran Mamdani has won the New York City mayoral election, becoming the city’s first Muslim mayor and the youngest in over a century. His victory marks a significant shift in the political landscape, as he ran on a Marxist platform focused on economic equality and social justice which is even prohibited by the Ten Commandments. Back in 2016, I moved to Florida. The computer made a MAJOR long-term sell signal on New York City. The first serious low will be 2029. Foreign-Born Population of New York City is approximately 36% of NYC’s residents. This is the same pattern that was unfolding in Rome, which was the first city in the world to reach a population of 1 million. The fall of Rome  was dramatic and immigration began to pour in and it was not until the Victorian Era when London would reach that 1 million mark. In 1940, the White population of New York City stood at over 90%. By 1970, that was down to 62%. Ten years later it fell to 51% in 1980 then in 1990 it dropped sharply to 43.2%. The by 2000 the White population plunged to 35% and now by 2025 it is estimated to be about 17% and Mamdani intends to engage in racist economics and wants to impose higher taxes on the White Community. If a white candidate ran on a platform to raise taxes on blacks and hispanics and redistribute that wealth to the white community, there would be such protests that it would make the headlines worldwide. This is what the Democratic Party clings to – class warfare. They refuse to understand that these anti-free policies are at the core of why Communism Collapsed and it is simply our turn for our date with the destruction of our empires, nations, and city-states that embrace Marxism which is NOT about equal right, but money. These people refuse to learn from history. The failure of communism in most countries is attributed to economic inefficiency and suppression of individual initiative, which together stifled innovation and productivity. If people are punished for innovation and demonized like J.P. Morgan and Henry Ford because they simply made a lot of money, then there would be no economic growth. The ruthless interrogation of J.P. Morgan by Samuel Untermyer demonstrates how Democrats see only the money and never understand the economy – EVER! J.P. Morgan not only moved the financial capital from Philadelphia to New York, he was instrumental in moving it from London to New York. So many industries were forged because of Morgan. He singlehandedly saving the banking system during the Panic of 1907 which became the model for the Federal Reserve in 1913. Henry Ford made automobiles affordable and created the auto industry. Targeting such people and demonizing them because they had more than someone else is what destroys economic growth. Here is the federal tax rate in the constant war to rob anyone who is productive to redistribute wealth to those who are not. Those in Congress just attack anyone who makes more money than they do while taking bribes from the lobbyists to protect insurance companies which are legalized theft organizations. Personally, I have NEVER had any insurance company even once honor what they sold. My mother’s house the pipes froze and broke. They sent investigators to question all the neighbors and then denied any liability claiming she was at my sister’s house and after 45 years of paying homeowner insurance they paid ZERO! Back in the ’80s,  we provided health insurance to all employees and their families. It would be about $1,650 a year. The average total cost for a family plan is around $24,000 per year. The average salary in 1985 was about $25,000 so the cost of providing health insurance was less that 0.7%. It use to be handed out like candy on trick or treat. Even at $75,000, health insurance is about one-third. How did it rise from 0.7% to 33% in 40 years? We are blamed and tax the rich people but never address the real rise in the “equality” claims because they are paid by lobbyists to look the other war. While the healthcare industry has always included for-profit entities, the scale and influence of for-profit insurance companies, hospital chains, and investor-owned providers have expanded, aiming to generate returns for shareholders, then the legal profession has taken everything from slip-and-fall cases to malpractice claims to new heights. Fearing malpractice lawsuits, doctors may order extra tests, scans, and consultations that are not strictly medically necessary, solely to create a legal record that they were “thorough.” When my mother was in the hospital, they wanted to send her to rehab where the first time they nearly killed her arbitrarily changing all her medicines. There was no way we were going through that again and my sister looked this hospital pretend doctors who was really just soliciting business, and asked if this was your mother would you do that. She at least had a conscious and would not answer but shook her head to say no. Zohran Mamdani is scheduled to assume office on January 1, 2026. The computer is showing a serious change in trend will start in February 2026. Note that the volatility was scheduled to rise starting in November. NYC is in its death throws. Wall Street has been steadily moving to Florida. You should NOT have any brokerage accounts in NYC. As the income of the city declines, as the teachers in Chicago were pushing for a tax on every transaction on the commodity and stock exchanges, will surface in NYC as well. Here’s what is clear about his campaign promises in key areas: Freeze rent increases for rent-stabilized apartments. Make city buses fare-free (i.e., free bus service). Provide universal childcare for ages 6 weeks to 5 years. Create city-owned grocery stores to reduce food costs. Raise corporate taxes (to New Jersey’s 11.5%) and tax the top 1% (flat 2% for incomes >$1 M) to fund these programs. Much

Leer en Español Merchandise exports from Asia (excluding Japan) fell 5.3% year on year in 2023, the sharpest decline since 2015. This was chiefly due to a downturn in the global electronics cycle—electronics are the region’s key export—as firms ran down the large inventories they had accumulated during the pandemic rather than making new purchases. But in recent months the tide has turned, and our Consensus is for further rises in exports from Asia in coming quarters. AI boom helps exports from Asia to recover After many months of continuous contractions, goods exports from Asia finally returned to growth in Q4 2023 in many of the region’s key exporters, such as China, Korea, Taiwan, Thailand and Vietnam. And this improvement has continued this year, with export readings often beating the market forecast; Taiwan’s March exports growth was more than double analysts’ forecasts, for instance. The gradual exhaustion of the electronics destocking cycle and the surge in demand for AI applications around the world is buoying demand for the region’s IT exports—particularly for semiconductors, the backbone of the AI industry. Upgrades to the market forecast Since the end of last year, our Consensus for growth of goods exports from Asia (excluding Japan) in 2024 and 2025 has roughly doubled to 2.2% and 4.4%, respectively, with further upgrades possible in the months ahead. These readings would be higher still were it not for China, whose export growth is set to be muted due to Western trade and tech restrictions, plus overcapacity in some sectors weighing on export prices. Risks to the outlook for exports from Asia are elevated Not everything will be plain sailing for exports from Asia in the coming years. As well as the aforementioned difficulties faced by China, rising protectionism in the West more generally is a key risk to the region as a whole. If Donald Trump clinches the U.S. presidency, he has threatened to jack up tariffs not just on China but also on the wider world, which could rewire the global trade environment—and not in Asia’s favor. Adding to this, the EU is also aiming to build greater autonomy in key strategic sectors such as electric batteries and microchips. And in the Middle East, conflict could further disrupt trade flows; shipping via the Red Sea has already been interrupted this year by Houthi attacks.   Insight from our panelists Sonal Varma and Si Ying Toh, research analysts at Nomura, spoke about the upbeat economic outlook for the region: “The most important factor underpinning our positive cyclical view is the turn in the goods cycle, which we believe is transitioning from a recovery to an expansionary phase. This is mainly led by semiconductors, due to the end of the inventory correction phase and rising AI demand. As such, the benefits should percolate largely to the open,tech-oriented economies in the region.” On the impact of Trump’s proposed 60% tariff on Chinese imports, Goldman Sachs analysts said: “The 2018-19 trade war did slow China’s economic growth, in our view. We estimated a cumulative drag of 0.65pp on the level of GDP in China through channels such as lower exports, increased uncertainty, and tighter financial conditions. If we were to linearly extrapolate our estimates but adjust for the now-smaller share of Chinese exports that go directly to the US, then a 60% tariff on Chinese goods would reduce China’s real GDP by around 2pp.” Our latest analysis Argentina’s exports rose in March. Inflation in France fell in March.  

Zohran Mamdani has won the New York City mayoral election, becoming the city’s first Muslim mayor and the youngest in over a century. His victory marks a significant shift in the political landscape, as he ran on a Marxist platform focused on economic equality and social justice which is even prohibited by the Ten Commandments. Back in 2016, I moved to Florida. The computer made a MAJOR long-term sell signal on New York City. The first serious low will be 2029. Foreign-Born Population of New York City is approximately 36% of NYC’s residents. This is the same pattern that was unfolding in Rome, which was the first city in the world to reach a population of 1 million. The fall of Rome  was dramatic and immigration began to pour in and it was not until the Victorian Era when London would reach that 1 million mark. In 1940, the White population of New York City stood at over 90%. By 1970, that was down to 62%. Ten years later it fell to 51% in 1980 then in 1990 it dropped sharply to 43.2%. The by 2000 the White population plunged to 35% and now by 2025 it is estimated to be about 17% and Mamdani intends to engage in racist economics and wants to impose higher taxes on the White Community. If a white candidate ran on a platform to raise taxes on blacks and hispanics and redistribute that wealth to the white community, there would be such protests that it would make the headlines worldwide. This is what the Democratic Party clings to – class warfare. They refuse to understand that these anti-free policies are at the core of why Communism Collapsed and it is simply our turn for our date with the destruction of our empires, nations, and city-states that embrace Marxism which is NOT about equal right, but money. These people refuse to learn from history. The failure of communism in most countries is attributed to economic inefficiency and suppression of individual initiative, which together stifled innovation and productivity. If people are punished for innovation and demonized like J.P. Morgan and Henry Ford because they simply made a lot of money, then there would be no economic growth. The ruthless interrogation of J.P. Morgan by Samuel Untermyer demonstrates how Democrats see only the money and never understand the economy – EVER! J.P. Morgan not only moved the financial capital from Philadelphia to New York, he was instrumental in moving it from London to New York. So many industries were forged because of Morgan. He singlehandedly saving the banking system during the Panic of 1907 which became the model for the Federal Reserve in 1913. Henry Ford made automobiles affordable and created the auto industry. Targeting such people and demonizing them because they had more than someone else is what destroys economic growth. Here is the federal tax rate in the constant war to rob anyone who is productive to redistribute wealth to those who are not. Those in Congress just attack anyone who makes more money than they do while taking bribes from the lobbyists to protect insurance companies which are legalized theft organizations. Personally, I have NEVER had any insurance company even once honor what they sold. My mother’s house the pipes froze and broke. They sent investigators to question all the neighbors and then denied any liability claiming she was at my sister’s house and after 45 years of paying homeowner insurance they paid ZERO! Back in the ’80s,  we provided health insurance to all employees and their families. It would be about $1,650 a year. The average total cost for a family plan is around $24,000 per year. The average salary in 1985 was about $25,000 so the cost of providing health insurance was less that 0.7%. It use to be handed out like candy on trick or treat. Even at $75,000, health insurance is about one-third. How did it rise from 0.7% to 33% in 40 years? We are blamed and tax the rich people but never address the real rise in the “equality” claims because they are paid by lobbyists to look the other war. While the healthcare industry has always included for-profit entities, the scale and influence of for-profit insurance companies, hospital chains, and investor-owned providers have expanded, aiming to generate returns for shareholders, then the legal profession has taken everything from slip-and-fall cases to malpractice claims to new heights. Fearing malpractice lawsuits, doctors may order extra tests, scans, and consultations that are not strictly medically necessary, solely to create a legal record that they were “thorough.” When my mother was in the hospital, they wanted to send her to rehab where the first time they nearly killed her arbitrarily changing all her medicines. There was no way we were going through that again and my sister looked this hospital pretend doctors who was really just soliciting business, and asked if this was your mother would you do that. She at least had a conscious and would not answer but shook her head to say no. Zohran Mamdani is scheduled to assume office on January 1, 2026. The computer is showing a serious change in trend will start in February 2026. Note that the volatility was scheduled to rise starting in November. NYC is in its death throws. Wall Street has been steadily moving to Florida. You should NOT have any brokerage accounts in NYC. As the income of the city declines, as the teachers in Chicago were pushing for a tax on every transaction on the commodity and stock exchanges, will surface in NYC as well. Here’s what is clear about his campaign promises in key areas: Freeze rent increases for rent-stabilized apartments. Make city buses fare-free (i.e., free bus service). Provide universal childcare for ages 6 weeks to 5 years. Create city-owned grocery stores to reduce food costs. Raise corporate taxes (to New Jersey’s 11.5%) and tax the top 1% (flat 2% for incomes >$1 M) to fund these programs. Much