Month: September 2021

Pop Goes The Weasel! S&P 500 Drops 2% On Chinese Property Developer Contagion (VIX Spikes)

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by confoundedinterest17 Pop goes the weasel! (Bloomberg) — The S&P 500 Index extended its decline past 2% Monday afternoon amid growing investor jitters about China’s real estate crackdown potentially sparking a financial contagion.  And the Hang Seng fell 3.30% overnight. The benchmark gauge was down 2.1% as of 12:08 p.m. in New York. All of the 11 major … Read more

#RESIST: America’s Farmers Fight Back Against California’s War on Bacon.

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“‘The EATS Act would prevent states from impeding agricultural trade from other states within the United States—consistent with the Commerce Clause of the Constitution, which provides the federal government with the duty to regulate interstate commerce,’ said Sen. Hyde-Smith in a press release. ‘State and local units of government would still be able to regulate … Read more

MSM: Could Evergrande’s default on debt and collapse topple China’s economy?

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In China, embattled real estate giant Evergrande faces a major moment of truth this week. The company owes an estimated 300 billion dollars, and is expected to default on bond payments. Evergrande operates and develops 1,300 real estate projects across China and employs 200,000 people. The company financed its breakneck expansion with credit and bond issues. … Read more

Markets Plunge as Evergrande Contagion Fears Rise

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Ryan Puplava, CEO of Financial Sense Wealth Management, discusses the events and concerns surrounding one of China’s largest property developers, Evergrande, which led to a sell-off in Chinese and global markets. Ryan also looks at a number of items creating investor uncertainty at present and where we are seeing the greatest pressure on the market.

China’s Real Estate Sector in Trouble?

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by Chris Black 2/6the pandemic shut down swathes of the economy at the start of 2020. New-home prices in 70 cities rose 0.16% last month from July, the slowest pace this year. Prices on the secondary market dropped for the first time since February 2020, slipping 0.02% from a month earlier." — Michael Pettis (@michaelxpettis) … Read more

The Republic’s Glue Loses Its Stickness

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by Chris Black The failed Justice for J6 rally gives me some flashbacks to rallies we had after Charlottesville in hopes of keeping the momentum up.  You see a lot of the same symptoms in the alt-conservative/Post-MAGA movement: tons of infighting, lack of trust or solidarity, accusing everyone of being feds (not that there weren’t … Read more

The Biggest Margin Call In History Is Brewing…

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https://t.co/vOxZwV2Tac — Endless Capit🅰️l (@endless_frank) September 20, 2021 Here’s the drill: – China Construction reset – Aussie miners puking – $AUSJPY in downtrend – energy crisis well underway with risk of mass consumer defaults– wage inflation cycle starting in US – US Treasury pleading with it’s own majority to prevent a default — KKGB (@INArteCarloDoss) … Read more

China’s growing property crisis: a look onto a few spill over scenarios

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by mekonsodre14 Assumptions… 70% of wealth in China is held in property (elsewhere average is btw. 20 to 35%) Evergrande’s international payment obligations are due on Thursday 1/3 of current China GDP is created by construction and property related activity (builders, materials/commodities, industrials/machines, services, etc) China property market (sales) has been lagging for some months … Read more

Kind Of A Drag! The Taper That Will Really Bite Into U.S. Growth Isn’t the Fed’s (As The Fed’s Repo Facility Hits An All-time High)

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by confoundedinterest17 Kind of a drag … when Federal government stimulus fades just as The Fed tries to decide on slowing its balance sheet expansion. (Bloomberg) — In the coming Year of the Taper, it’s the fiscal version that will really bite. The chatter in U.S. financial markets is all about the Federal Reserve’s yet-to-be-announced reduction of its bond purchases. … Read more