PENDING STOCK MARKET DOOM: Ark Investments sees Record Outflows. Evergrande Contagion Spreads. IMF Issues Global Economic Warning

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IMF warns on inflation, says the Fed and others should be prepared to tighten policy

IMF Issues Global Stagflation Alert: Cuts Global GDP As It Warns Of Rising Inflation And “Dangerous Divergence”

This is contagion. China developers in October:
-Fantasia: Oct. 4 default. Two directors resign
-Evergrande: Oct. 11 coupon not received
-Xinyuan: will pay just 5% of Oct. 15 note
-Sinic: Won’t pay principal/interest due Oct. 18
-Modern Land: asks for 3-month extension

h/t Doorbert Returns

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