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”

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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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