BlackRock and four other large institutions forced to write-off billions after Fitch Ratings downgrades China Evergrande to “restricted default” status.

After Fitch Ratings downgraded China Evergrande and some of its subsidiaries to “Restricted Default” status on Thursday, there was for the first time, widespread acknowledgement of the Chinese property giant’s failure to meet its debt obligations. “The downgrades reflect the …

READ MORE

The Evergande credit contagion is spreading, with bonds of China’s other leveraged developers tumbling.

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: …

READ MORE

FED has backed themselves into a corner…. In other words, they’re trapped

https://twitter.com/farrisbaba/status/1434288048729202690 "Financial bubbles tend to expand slowly and then pop with a loud bang, like the housing bubble that popped in 2008 and caused a financial crisis." https://t.co/2pEqr1jaA6 — Nomi Prins (@nomiprins) September 4, 2021 #recession … #StockMarket #Bubble edition#smallcaps …

READ MORE