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

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”

We are primarily funded by readers. Please subscribe and donate to support us!

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


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.