Sarah Connor (Terminator 2): “The Survivors of the nuclear holocaust called the war Judgement Day. They lived only to face a new nightmare: the way against the machines.” ZeroHedge: https://www.zerohedge.com/markets/evegrande-default-inevitable-sp-warns-chinese-developer-misses-dollar-bond-payments Evergrande Default Is “Inevitable” – S&P Warns As Chinese Developer Misses Dollar Bond Payments Having sold its Gulfstream Jets, dumped assets (at fire-sale prices), and seenContinue reading “Judgment Day for Evergrande”
Category Archives: China
Peak Ponzi: Domino Theory
Evergrande: Companies like Evergrande. Junk companies borrowing USDs at 20%+ comprising ~35 “significant” companies representing 12.5% of the current market cap of the Red Ponzi property sector has already lost some $500 billion to date. These companies develop and sell the 85% of homes bought as investment property – speculators – facing to be a seriousContinue reading “Peak Ponzi: Domino Theory”
Coal for Christmas – China’s Supply Chain in Crisis
Human Terrain: https://fortisanalysis.substack.com/p/coal-for-christmas In mid-April 2021, I began receiving reports from sources in China and the United States that certain regions in China had begun to experience ongoing power disruptions at their warehouses and manufacturing facilities. Most notable of these was in south China’s Guangdong megaregion, where in June operations at the Taishan Nuclear PowerContinue reading “Coal for Christmas – China’s Supply Chain in Crisis”
Blackouts in the Red Ponzi
Container Shipping’s Latest Shock: Blackouts in China The Loadstar Factories in at least ten Chinese provinces have either cut output or closed temporarily this month, after government-imposed power cuts to curb carbon emissions. By Friday, at least 10 publicly listed companies told the Shanghai and Shenzhen stock exchanges their factory output had been hit byContinue reading “Blackouts in the Red Ponzi”
Niall Fergusan and Evergrande’s Lehman Moment
Bloomberg: https://www.bloomberg.com/opinion/articles/2021-09-26/niall-ferguson-evergrande-is-a-victim-of-xi-jinping-s-china-crisis?sref=ZMFHsM5Z Evergrande’s Fall Shows How Xi Has Created a China Crisis The developer’s collapse isn’t leading to global contagion, but China’s looming economic disaster might. A major mistake of the Cold War was the tendency of Western observers to overestimate the Soviet Union. I have often wondered if the same mistake is being repeated withContinue reading “Niall Fergusan and Evergrande’s Lehman Moment”
Evergrande Implosion
How do you say “too big to fail?” How big? Well, we can see just how big real soon as China slides into deflation. Here’s IICS: http://investinginchinesestocks.blogspot.com/2021/09/china-land-sales-collapse.html China Land Sales Collapse, Deflation Cometh I outlined China’s credit trouble here: The Quick and Dirty Summary of China’s Credit Bubble yesterday. It’s a quick overview touching some of theContinue reading “Evergrande Implosion”
Yet Another Update on Murderous Lab Leaks Involving Gain of Function Research Recklessly Funded by NIAID
Former FDA head and current Pfizer board member Scott Gottlieb reacted to further revelations this week regarding the funding of dangerous gain of function research by Anthony Fauci, noting that a previously unknown fact has emerged that lab tampering was undertaken on MERS-like coronaviruses, which are even deadlier than their SARS-like relatives. Gottlieb noted that documents obtainedContinue reading “Yet Another Update on Murderous Lab Leaks Involving Gain of Function Research Recklessly Funded by NIAID”
He Repeatedly Lied … But You Knew That All Along
https://www.zerohedge.com/covid-19/massive-foia-release-proves-fauci-funded-wuhan-research-construct-sars-related FOIA Release: Fauci Funded Construction Of ‘Chimeric Coronaviruses’ In Wuhan TYLER DURDENTUESDAY, SEP 07, 2021 – 06:54 AM When Dr. Anthony Fauci confidently screamed at Sen. Rand Paul (R-KY) in July – calling him a liar for accusing him of funding so-called “Gain-of-Function” (GoF) research in Wuhan, China to make coronaviruses more transmissible to humans, the argument ultimatelyContinue reading “He Repeatedly Lied … But You Knew That All Along”
Peak Red Ponzi?
If so, now what? If there is a “one and only one” place to go to understand macro-markets, it is Jeffrey Snider of Alhambra Investments. Jeffrey’s EuroUniversity series should be a masters program for anyone in or into the markets. Read each post several times to lock it in. Jeffrey’s pitch today – the RedContinue reading “Peak Red Ponzi?”
Tears in the Rain: Voices From Wuhan
Prometheus Shrugged: https://prometheusshrugged.substack.com/p/tears-in-rain-vol-i-voices-from-wuhan Tears in Rain, Vol I: Voices from Wuhan [updated] Many of those who tried to warn us of COVID-19 have disappeared; their words are all that’s left. To honor them, the world must listen. Charles Rixey, MA, MBA (c)4 hr ago Subscribe [it’s free!] to get full access to the newsletter and website.Continue reading “Tears in the Rain: Voices From Wuhan”
Econophysics2020 