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

by

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.

by

“‘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

BECAUSE THEY’RE CHINESE TOOLS? Why World Bank is under fire over set of rankings.

by

Under fire for allegations that it bowed to pressure from China and other governments, the World Bank has dropped a popular report that ranked countries by how welcoming they are to businesses. The report is important to many companies and investors around the world: They use the World Bank’s “Doing Business” report to help decide … Read more

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

by

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

by

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?

by

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

SURPRISE SURPRISE! Federal Officer Carrying Weapon at Capitol Rally WON’T BE CHARGED

by

by Chris Black The AP reports the 27-year-old NJ man is an officer with Customs and Border Protection. He was arrested by police for illegally possessing a firearm on the grounds of the Capitol after people in the crowd reported seeing him with a handgun and notified nearby law enforcement officers. The US attorney’s office … Read more

The Republic’s Glue Loses Its Stickness

by

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

‘Worst Bear Market Of Our Lifetime’ Is Fast Approaching

by

Legendary investor Jim Rogers has seen more market ups & downs than most people alive today — making a LOT of money in the process. But given today’s macro environment, he’s more concerned about the market’s future prospects than he’s ever been before. In fact, he now confidently predicts we will experience a massive economic and financial … Read more