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Evergrande is a company that has been using a barter system and has been unable to generate cash since 2012. In short, the company has been experiencing cash shortages for years and appears to be making a profit through accounting tricks. h/t Tunc Karadeniz
by David Morgan of The Morgan Report Are We Responsible? The federal debt ceiling is back in the spotlight as the Senate forges ahead with massive spending and infrastructure bills. While the legal cap on how much the U.S. can borrow doesn’t impact what consumers can spend, if Congress can’t reach a deal on a new debt limit … Read more
Moscow — A gunman opened fire on a Russian university campus on Monday killing at least six people, investigators said, in the country’s second mass shooting this year to target students. Videos circulating on social media showed people throwing belongings from windows of university buildings in the central city of Perm before jumping to flee … Read more
GOP slams leading state Democrats who bailed on President Biden’s visit. What Coloradans didn’t see during President Biden’s Colorado visit on Tuesday is even more important than the slurred, awkward speech he stumbled through at the National Renewable Energy Laboratory in Arvada. Missing at the wildly unpopular president’s side were U.S. Sens. Michael Bennet and … Read more
https://twitter.com/TylerLitz425/status/1439762914475347969 As expected, celebrities are almost exclusively without mask at the Emmys. pic.twitter.com/F8lXEJpWzq — Madison Gesiotto Gilbert (@madisongesiotto) September 20, 2021 https://www.breitbart.com/entertainment/2021/09/19/viewers-rage-at-maskless-emmys-but-kids-have-to-wear-a-mask-to-school-what-the-fk/
Your credit score may soon depend on your web history In the not-too-distant future, your internet habits could help determine how much house you can buy and the rate on your next auto loan. Sounds ridiculous? Right now, your credit score — that three-digit number that tells lenders how responsible you are — is based … Read more
(Bloomberg) — An alarming number of companies have warned that profits won’t meet expectations when they report in a month. The group, including PP Industries Inc. and Sherwin-Williams Co., are primarily materials producers that have struggled amid supply-chain disruptions. While just a small part of the S&P 500, their earnings have historically been the most … Read more
by The Phoenix The market is a sea of red this morning. The issue at hand is China’s massive Evergrande property developer. The company is effectively insolvent, with over $300 billion in bad loans. Many are calling this “China’s Lehman Moment.” The company’s stock is down 80% Year to Date. How serious is this? Serious. Real … Read more
https://twitter.com/michaeljburry/status/1439746189943980035
Wall Street joins global sell-off as Evergrande crisis intensifies via @FT https://t.co/Snd1bEpbdW — Stare Decisis (@MsResJudicata) September 20, 2021 Source: Finanical Times – https://www.ft.com/content/952923b7-f421-407e-b14a-ad2ff190a134 Marketwatch on why Evergrande is down 13% this morning. It’s a bloodbath across china today. People I know have no idea what’s happening and are panicking. If you think Evergrande … Read more
by Pinky_McPinkFace Another thread got me thinking about this, so I wanted to share. Honestly, I can’t believe how long my list kept getting as this all occurred to me. 4th wave feminism has worked to throw off the shackles of the patriarchy so that women can… <checks notes> Attend major universities Do any job we … Read more
By Lance Roberts In the second quarter, household credit exploded higher as stimulus payments ran dry. Was the surge a function of excess spending, inflation, or an expectation of more “stimmies” coming? The chart below shows the total amount of household credit currently. If you stare very hard, you can make out the slight dip in credit … Read more
How is this not worse than the virus? https://t.co/cw26aqlHJt — Dr Jordan B Peterson (@jordanbpeterson) September 18, 2021
by Martin Armstrong COMMENT: Marty, I think the storms are creating dangerous rip currents that just suck swimmers out to sea here in Jersey. Never hear about that in Florida. I guess that and taxes are what made you leave. LOL DK REPLY: Actually, I was caught in one when I was a teenager. My uncle was perhaps … Read more
A shortage of certain alcohol brands is leaving some drinkers in low spirits; the Pennsylvania Liquor Control Board (PLCB) announced this week it would begin rationing a list of popular liquor labels. Due to sustained supply chain disruptions and product shortages, purchase limits of two bottles, per customer, per day were applied to certain items beginning Friday, Sept. 17, … Read more
