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On February 14, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference and delivered a speech and answered questions at the "China Session." When asked about Chinas role in resolving regional conflicts, particularly the Ukraine issue, Wang Yi stated that Chinas position is clear: all regional hotspots should seek political solutions through dialogue and consultation, and the same applies to the Ukraine issue. However, China is not a party to the conflict, and the decision-making power is not in Chinas hands. What we can do is to promote peace talks. We have dispatched special envoys to mediate and, through various channels, emphasized to all parties that a ceasefire should be implemented as soon as possible, and that everyone should return to the negotiating table.On February 14, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference, delivered a speech at the "China Session," and answered questions from the audience. Wang Yi emphasized that the erroneous remarks by Japanese leaders on the Taiwan issue exposed Japans undying ambition to invade and colonize Taiwan and the lingering specter of reviving militarism. Japan launched its invasion of China and attacked Pearl Harbor under the pretext of a so-called "crisis and existential crisis." The lessons of history are still fresh and must be heeded. If Japan does not repent, it will inevitably repeat the same mistakes. Good people should be vigilant. First and foremost, the Japanese people must be reminded not to be blinded and coerced by far-right forces and extremist ideologies again. All peace-loving countries should also warn Japan: if it chooses to go back to its old ways, it will only lead to its own destruction.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We and our partners will use all policy tools at our disposal to continue to hold Russia accountable.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We further express our concern that Russia has not destroyed all of its chemical weapons.The United Kingdom, Sweden, France, Germany, and the Netherlands issued a joint statement regarding the death of Alexei Navalny.

Stock Markets Analysis – Is Recession Possible?

Skylar Shaw

Jun 30, 2022 14:50

微信截图_20220630143414.png


Data released yesterday showed that consumer confidence decreased more than anticipated in June, reaching a six-month low, adding fuel to those worries.

consumer assurance

According to the Conference Board, the decline was caused by rising inflation and worries about a potential recession. Consumers' expectations for wage growth, the job market, and business conditions have dropped to their lowest points in over a decade, giving them a rather bleak short-term picture for the economy as a whole.


Bulls, on the other hand, highlight specifics from the Consumer Confidence report that show US consumers do not intend to cut back on spending as much as some have feared, with future spending plans for automobiles and other expensive items like refrigerators and washing machines actually increasing... so they claim. Given that gas prices have increased by up to $5 a gallon in many areas and that grocery store food prices are much higher than they were in the past, it's difficult for me to see where people would find the bigger lump sums of money.


You have to think that the US consumer will eventually reach a credit card limit and lose the ability to refinance and leverage their properties. Remember that consumer spending makes up over 70% of our economy, so if it declines, the economy will as well.


How much will consumer spending slow down, I wonder? Perhaps not much right now, but if the Fed keeps raising interest rates and the price of food and energy continues to rise—which I believe it will—the US consumer will ultimately suffer greatly.

Q2 earnings

For S&P 500 businesses, experts on Wall Street presently forecast Q2 profit growth of +4.3 percent, down from approximately +6 percent at the end of March. As we approach Q2 earnings season, which "unofficially" begins on July 13 with reports from major Wall Street Banks, many on Wall Street believe that expectations will be lowered even more.


Investors today will be analyzing more remarks from Fed Chair Jerome Powell, who will take part in a panel discussion at a bank symposium sponsored by the European Central Bank.


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