Evergrande’s capital is only ¥3.9 billion, but it leveraged ¥2 trillion of financing loans…. Did China just hit a brick wall?

Conclusion: Evergrande's capital is only ¥3.9 billion, but it leveraged ¥2 trillion of financing loans. Evergrande has no assets to pay off when it'll officially announce bankruptcy liquidation. The large amount of Evergrande dollar debt has actually become toilet paper. …

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Preserving Capital through Bankruptcy

by Doug French via Mises The New York Times recently published a piece entitled “When Kmart Moved Out, Churches and Flea Markets Moved In.” The article, penned by Kevin Williams, provides an instructive subtitle: “The retailer’s former stores are being used by tenants that might …

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Do You Live in a Social Capital Desert?

by Charles Hugh-Smith Necessity is a magnet, and perhaps as what’s essential in our lives changes, social capital will start sprouting, even in the most unlikely places. “Desert” has become a favored metaphor: food deserts describe neighborhoods with few places to …

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Mayor of St. Louis – the murder capital of America – claims ‘more cops do not prevent crime’ after cutting $4million from department’s budget and pledging to close a prison

Tishaura Jones became first-ever black woman to become St. Louis mayor   The Democrat ran on progressive platform which includes defunding police  Last month, Jones approved plan to slash $4million from police budget  She also eliminated 98 officer vacancies and closed …

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Dow Drops 300 Points On Biden’s Proposal To (Almost) Double The Capital Gains Tax For “Wealthy” Individuals (Market Breadth Between Large And Small Cap Stocks Near Widest Ever)

by confoundedinterest17 (Bloomberg) — President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6% to help pay for a raft of social spending that addresses long-standing inequality, according to people familiar with the proposal. For those earning …

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