When Major League Baseball hosted its “Field of Dreams” game in Iowa in August, it was a celebration of small-town America. But less than 100 miles away, a small town is worrying that its local economy, that’s centered around baseball, …
by Charles Hugh-Smith Losses will be taken and sacrifices enforced on those who don’t understand the Chinese state will no longer absorb the losses of speculative excess. Let’s start by stipulating that no one outside President Xi’s inner circle really …
by SupremeFrii China’s central bank rules all Crypto transactions are illegal as Bitcoin & Etherum tank while Hedge Funds receive Leverage 100 times to 1 for CryptoCurrencies on Binance & FTX – 24.09.21 h/t Ren3666
by Chris Black Sandy’s owners just cracked the whip. The House voted for the stand alone Israel iron dome bill 420-9, even though polls show Americans support cutting aid to Israel 50-45. The US Congress definitely represents one group and …
By Graham Summers, MBA The markets have rallied hard on news of a potential Evergrande debt payment. In case you’ve missed this story, Evergrande is a massive property developer in China. The company is effectively insolvent, and with $300 billion …
Kids can only play games for one hour a day in china so a lot of that revenue got cut h/t fortifier22
by FutureisAsian Among the top 15 most indebted developers in the world, 14 are in China. Real estate accounts for 28% of China’s GDP and faces irreversible decline in growth due to debt crisis as well as demographics
Dozens of China’s huge and gleaming Electric Vehicle plants have now been abandoned. The production at the most EV making units has been suspended since the outbreak of Covid-19 in early 2020. An over-enthusiastic push for EV manufacturing in China …
As President Joe Biden and congressional Democrats continue their push to impose sweeping reforms meant to tackle climate change, the Taliban—with substantial help from China—is positioning itself to take advantage.In August, Biden signed an executive order designed to drag the …
via mishtalk: Evergrande, a real-estate colossus in China is collapsing. Don’t expect the collapse to be contained to China. The global macro implications are huge. Many people asked me to comment on Evergrande. First let’s start with a WSJ article then …
Everyone says “no credit crunch” meanwhile the China HY says the opposite pic.twitter.com/9uGZP9Szrh — Alessio (@AlessioTMAD) September 21, 2021 The FOMC is deeply troubled by the "unsustainable credit boom" in China… the date? May 2004 @jmackin2 pic.twitter.com/ujwZTW5t1z — Dario Perkins …
from Kerry Lutz’s Financial Survival Network Today, I have John Rubino on the podcast to update us on all things economy: from real estate to the supply chain, we are seeing a lot of shifts and instabilities that have incurred over time. Evergrande …
In China, embattled real estate giant Evergrande faces a major moment of truth this week. The company owes an estimated 300 billion dollars, and is expected to default on bond payments. Evergrande operates and develops 1,300 real estate projects across China …
by Chris Black 2/6the pandemic shut down swathes of the economy at the start of 2020. New-home prices in 70 cities rose 0.16% last month from July, the slowest pace this year. Prices on the secondary market dropped for the …
by mekonsodre14 Assumptions… 70% of wealth in China is held in property (elsewhere average is btw. 20 to 35%) Evergrande’s international payment obligations are due on Thursday 1/3 of current China GDP is created by construction and property related activity …
Evergrande is a company that has been using a barter system and has been unable to generate cash since 2012. In short, the company has been experiencing cash shortages for years and appears to be making a profit through accounting …
by The Phoenix The market is a sea of red this morning. The issue at hand is China’s massive Evergrande property developer. The company is effectively insolvent, with over $300 billion in bad loans. Many are calling this “China’s Lehman Moment.” …
Michael Burry The Big Short has warned about a crisis in China. Evergrande is a big risk today. Millions of people have lost their unemployment benefits. The U.S. consumer is maxed out. They need more stimulus in order to continue …
by Daniel McAdams and Ron Paul of Ron Paul Liberty Report The US, UK, and Australia have announced a new alliance aimed at “countering China’s influence.” The deal includes cancelling an Aus/French deal for French submarines and the Australian purchase of US nuclear subs instead. …
by Kimble Charting Chinese stocks have been in a funk this year, testing the patience of many investors in that equities space. The selloff took shape at the beginning of the year and has continued through this fall. Is there an …
China punishes Evergrande Executives who knew about the situation, now time for the US to make the same with FED traders, I mean members. https://t.co/v7XCgRBp8K — GregTheAnalyst (@Analyst_G) September 18, 2021 https://twitter.com/RetirementRight/status/1439326147376865285 World’s Wealthiest Families Gained $312 Billion Over …
Discontent from retail investors in Evergrande is reportedly escalating with the latest hostage situation where the troubled property giant’s employees have been held captive in a management office. Following reports of weekend protests which escalated to the storming of Evergrande’s …
In Depth: The Never-Ending Battle to Curb China’s Hidden Debthttps://t.co/QPXPRTNiws pic.twitter.com/N7ql2ne4uy — M/1_LP (@MI_Investments) September 18, 2021 Despite low rates, Japan spends more than 21% of its budget on interest expenses. High and rising debt means stagnation and weak real …
CHINA CRACKDOWN: Just The Beginning Watch, comment and suscribe:https://t.co/4MrObu59NE — Daniel Lacalle (@dlacalle_IA) September 16, 2021 The Evergande credit contagion is spreading, with bonds of China's other leveraged developers tumbling. pic.twitter.com/HBuXSVRUjx — (((The Daily Shot))) (@SoberLook) September 17, 2021 GOLDMAN: …
by confoundedinterest17 Let’s get ready to stumble! Iron Ore futures are down a whopping 4.66% today as China real estate developer Evergrande plunges into insolvency. And Evergrande’s bond that matures in 2022 sinks to $29.50. Other commodities are also sinking. One …
Trends Research, Released on 9/16/21 Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and …
By Michael Lebowitz Evergrande, a Chinese company with over $300 billion in debt, is failing. Will it get bailed out, and if so how? While investors focus on the nuts and bolts of Evergrande, we sense a financial crisis of …
Master-card and the U.N have teamed up together it will now have a carbon (tax) footprint charge based on what you buy. U.N\mastercard wants to set a “global standard” for carbon calculations. https://twitter.com/TheArchitect009/status/1438946943217160196 The back of the Credit Card , …
