[Contagion] Rats jumping ship?

by laflammaster https://twitter.com/next_china/status/1471342976496545792 Fitch downgrades Lanzhou from BB to BB+. “There is no way we can repay so many creditors with our limited resources,” said an #Evergrande executive, who asked not to be identified. “We will let judges decide who …

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Turkish lira blows through 15 per dollar ahead of rate decision [16.5 per dollar = currency has halved in value in 15 weeks]

  https://www.reuters.com/markets/currencies/turkish-lira-flat-ahead-cenbank-meeting-2021-12-16/ ISTANBUL, Dec 16 (Reuters) – The Turkish lira dropped to an all-time lowbeyond 15 against the dollar on Thursday ahead of another expected interest rate cutby the central bank, which has fallen in line with President Tayyip Erdogan’s …

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FOMC Today, Quick Recap

by Chris Black Here’s the news: Read the FOMC’s December statement on faster taper https://t.co/c2vmjjYzQO — MarketWatch (@MarketWatch) December 15, 2021 Here’s the deal: They’re still going to pump-in tens of billions of dollars over the next couple months. The …

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AWS Goes Down Again

by Chris Black Most of the world relies now on Amazon Web Services, including various alphabet agencies like the CIA. A few months ago there was a huge problem with the security certificates for a lot of websites not getting …

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Small Businesses’ Big Message For The Markets

by jessefelder Earlier this week, the NFIB released the results of its November survey of small businesses. This report has important implications for investors for two reasons. First, small businesses are a very good leading indicator of inflation trends in the broadest …

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APPLE is closing stores…

Apple temporarily shut three stores on Wednesday as the number of Covid cases rise. The closures raise questions about the impact of the Covid pandemic on the holiday-shopping season amid concerns from public health authorities about the impact of the …

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