Tag Archives: #redponzi

Judgment Day for Evergrande

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”

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”

Red Ponzi Fades

Goldman: China’s Caixin manufacturing PMI fell to 50.9 in February from 51.5 in January, though still in expansionary territory. Most sub-indexes implied growth momentum moderated in the manufacturing sector. The production sub-index dropped to 51.9 in February from 52.5, and the new orders sub-index fell to 51.0 from 52.2. The new export order sub-index edged up onlyContinue reading “Red Ponzi Fades”

The Red Ponzi Outlines Its Expectations from China Joe, the Oligarch Sock Puppet — Or Else [Jeff Bezos, Tim Cook, Tom Dorsey, …]

And Blinken blinks From Epoch Times: Beijing Hints at What It Wants of US-China Relationship Through State Media BY NICOLE HAO February 9, 2021 Updated: February 9, 2021 Chinese state-run media Xinhua published a series of four commentaries in which it called on the new U.S. administration to “lead the U.S.-China relationship back on track” after years ofContinue reading “The Red Ponzi Outlines Its Expectations from China Joe, the Oligarch Sock Puppet — Or Else [Jeff Bezos, Tim Cook, Tom Dorsey, …]”

Econo-Bio War and China Joe

The Red Ponzi’s bio-econo war that began in 2020 certainly delivered the goods: December trade surplus up 34$ YoY and setting monthly records in wealth transfer from the US. And, of all things that leads the transfer is … wait for it … healthcare/covid-related products. With China Joe and their paid agents in Congress andContinue reading “Econo-Bio War and China Joe”

Red Ponzi Debt Market

Investor confidence in China Fortune Land Development Co. Ltd. is tumbling as concerns grow about its debt repayment abilities just as Beijing steps up efforts to cut risk in the real estate sector. The mid-sized developer’s dollar bonds fell to record lows earlier Tuesday, with some rebounding but a note due 2024 still down at 49.8 centsContinue reading “Red Ponzi Debt Market”

Death of the Middle Class – Killed by Deficits, Stimulus, and the Monetary Politburo

My old professor, Murray Rothbard, explained the dynamics decades ago: “The first people to get the new money are the counterfeiters, which they use to buy various goods and services. The second receivers of the new money are the retailers who sell those goods to the counterfeiters. And on and on the new money ripplesContinue reading “Death of the Middle Class – Killed by Deficits, Stimulus, and the Monetary Politburo”