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

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

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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

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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

‘Worst Bear Market Of Our Lifetime’ Is Fast Approaching

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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

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

Historically it’s way better to invest at market close than at market open, since most gains occur overnight

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Found this 2018 article, interesting/fun fact: The Stock Market Works by Day, but It Loves the Night If you had bought SPY at the last second of trading on each business day since 1993, and sold at the market open the next day — capturing all of the net after-hour gains — your cumulative price gain … Read more

Housing & Rent Price Bubble Surged To The Highest Level In 45 Years: Get Ready For A Housing Crash

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The US is facing one of the most painful housing crises in history as home prices soar to unprecedented levels and rents have been aggressively rising, putting millions of Americans on the edge of eviction. The massive wave of pain descending upon this nation right now is just hard to comprehend. Mass evictions have begun … Read more