by confoundedinterest17 Ah, the start of a new week with Treasury Secretary Janet Yellen arguing (with a straight face) that there is no room in the Federal budget for cuts. Apparenly, Yellen never read any of the massive, pork-laden spending bills …
by confoundedinterest17 Its a sign of the times! First, US default risk as measured by credit default swaps remains elevated (primarily because Biden and Democrats refused to cut wasteful spending or reign in non-retirees on Social Security). And NY Fed’s Reverse …
by confoundedinterest17 Newly-minted US House Speaker Kevin McCarthy faces a daunting task: trying to avoid a US debt default. As I have discussed many times before, nothing has been the same since the US housing bubble and near-collapse of the banking …
World Bank Chief says he is worried about a disorderly default process. He is right pic.twitter.com/YzGkZ7gADe — Alessio (@AlessioTMAD) December 2, 2022 this is very big – Blackstone, the world's largest institutional landlord – is telling investors it has a …
The one I worry about most is if we have $10B in a ZK-rollup 2y from now and it gets hacked because of a bug in the circuit constraint code or the EVM wrapper around it. For the latter, keep …
by MN Gordon from Economic Prism: The vast herd of investors are a deluded crowd. Following the Federal Reserve’s much anticipated 75 basis point rate hike on Wednesday the major stock market indexes jumped upward. Optimistic investors keyed in on …
This chart says it all. Banking assets in China have grown 7 fold since the Global Financial Crisis. That completely dwarfs the growth of other major economies. China’s banking assets are almost 3x of its GDP.Hong Kong is close to …
via thecollegefix A U.S. senator has introduced legislation that seeks to require colleges and universities to pay 50 percent of student loan balances that go into default. Missouri Republican Senator Josh Hawley introduced the “Make the Universities Pay Act” on Sept. …
21 countries are currently at risk of sovereign debt default according to bloomberg intelligence and China is the biggest bondholder. pic.twitter.com/tvbba44oEa — Alessio (@AlessioTMAD) July 27, 2022
by TheRealJugger more chinese RE developers are close to default on their debt the contagion is sparking fears pic.twitter.com/6yF3Dy0PKe — Alessio (@AlessioTMAD) July 21, 2022 China’s property bonds’ “graveyard”: pic.twitter.com/9kIQH9TgE9 — Natalia Gurushina (@NGurushina) July 20, 2022 China’s banks report …
by BoatSurfer600 Source: https://www.reuters.com/markets/europe/big-default-dozen-countries-danger-zone-2022-07-15/ https://t.co/D429PYi7QV — Win Smart, CFA (@WinfieldSmart) July 16, 2022 Historic cascade of defaults coming for Emerging Markets. Sri Lanka, where protesters stormed presidential palace, was 1st nation to stop paying its bondholders. Russia followed in Jun. El …
Woah, credit default swaps for Credit Suisse going absolutely vertical. Insurance against the default of the $14b bank are approaching levels not seen since the Great Financial Crises. pic.twitter.com/FWaJtxqKSv — Dylan LeClair (@DylanLeClair) July 6, 2022 I’d say so! Where …
by laflammaster Looks like this news has hit the MSM One of the most prominent crypto hedge funds just defaulted on a $670 million loan (cnbc.com) Crypto broker Voyager Digital issues default notice to Three Arrows Capital (reuters.com)
Bro…no one cares…we are in the beginning stages of a global debt default & a hard landing recession…kabuki theater for the cult members…those who have an iota of discernment tuned out. https://t.co/DsFr8nvtDJ — Edward Dowd (@DowdEdward) June 10, 2022 WELCOME …
Evergrande’s default is now finally confirmed by paying agent Citibank! Here is the proof! We did it, guys! Evergrande is now finally in default according to the paying agent Citibank! pic.twitter.com/3C7jF67hGh — Dr. Marco Metzler (@metzler_dr) June 4, 2022 #Evergrande …
by lolmobile Enrollment across all sectors of higher education continued to decline this past semester, extending a trend that began during the coronavirus pandemic, according to new data from the National Student Clearinghouse Research Center. Total enrollment for spring 2022 …
by Boo_Randy In a world drowning in debt, here come the cascading defaults. Sorry, central banker scum, you won’t be able to print this away. https://www.bloomberg.com/news/articles/2022-05-24/default-threat-reaches-pakistan-in-deepening-political-crisis?srnd=premium-asia&sref=ibr3A0ff Soaring inflation. Squabbles over fuel prices. A fractious political environment. For months, Pakistan has …
by Martin Armstrong Sri Lanka has defaulted on its debts for the first time in its history. It has faced an economic and political crisis triggered by global shock waves from the pandemic and the war in Ukraine. Inflation has …
Several major U.S. banks are facing rising default risks as investors worry credit losses, a Russian debt default, and a recession could cause a financial crisis. The Fed raised rates today increasing the chance of a recession.
Sri Lanka’s central bank said today it has become “challenging and impossible” to repay external debt, as it tries to use its dwindling foreign exchange reserves to import essentials like fuel. h/t BoatSurfer600
https://twitter.com/WallStreetSilv/status/1511156411283116040 The US blocks Russia from making a $600 million bond payment as it ramps up the pressure on Moscow US has effectively stopped Russia from paying holders of its sovereign debt in excess of $600m from frozen reserves held …
https://www.reuters.com/business/russian-sovereign-bond-payment-received-by-jpmorgan-processed-source-2022-03-17/ Russian Federation dollar denominated bonds received thier coupon payment today. Referring to the 2023 & 2046 bonds. Despite capital controls and a decree signed by Putin to temporary pay creditors of hostile nations in Russian currency.
The government says that all debt will be serviced, though it will happen in rubles as long as sanctions — imposed because of the war — don’t allow dollar settlements. Failure to pay, or paying in local currency instead of …
by Martin Armstrong Public confidence has plummeted. People across the world have lost faith in their governments, economy, and overall futures. The 2022 Edelman Trust Barometer surveyed 36,000 respondents from 28 countries in November 2021. Similar sentiments are being felt across the …
Fitch Ratings cut its credit ratings on Russia further into junk territory and warned that Moscow was likely to default on its debts shortly. The ratings company slashed its rating on Russia by six notches to a single-C grade, near …
https://www.bloombergquint.com/business/morgan-stanley-sees-russia-set-for-venezuela-style-debt-default The odds of Russia making its foreign debt payments are diminishing as bond prices fall, recession in the nation looms and various payment restrictions pile up after the invasion of Ukraine, according to Morgan Stanley & Co. “We see …
Unicredit is exposed in Russia for a huge part of their business, rating downgraded https://www.milanofinanza.it/news/guerra-le-banche-italiane-hanno-perso-22-miliardi-per-equita-e-un-occasione-ora-rendono-il-14-202203010919202366 AC