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China Junk Bond Yields Hit All Time High As Property Default Contagion Spreads, Home Sales Plunge 32%

China Junk Bond Yields Hit All Time High As Property Default Contagion Spreads, Home Sales Plunge 32%

BY Tyler Durden | ZeroHedge It may seem like ancient history now, with the S&P obliviously plowing ever higher, but just over a month ago stocks briefly panicked over fears that China’s property market, the largest single asset-class in the world according to Goldman… … was about to implode as a result of a domino […]

China Home Prices Drop For The First Time Since 2015 As Existing Home Sales Crash 63%

China Home Prices Drop For The First Time Since 2015 As Existing Home Sales Crash 63%

BY Tyler Durden | ZeroHedge Two weeks after we reported that China’s property market just suffered “catastrophic” property sales in September which invoked Goldman’s “hard landing” scenario and which saw total sales of 759.6b yuan plunge 36.2% from September 2020 (and 17.7% lower from the same period in 2019), deepening a downward spiral that started in July […]

Hong Kong Stocks Crash, Futures Slide As Markets Finally Freak Out About Evergrande Default Contagion

Hong Kong Stocks Crash, Futures Slide As Markets Finally Freak Out About Evergrande Default Contagion

BY Tyler Durden | ZeroHedge Well, as we warned, the Evergrande contagion has finally arrived and with China closed for holiday traders are getting out while they can and where they can, and on Monday morning in Asia that means Hong Kong, where Evergrande – which is about to default – has crashed by another […]

San Ramon, CA | Most Lucrative Firefighting Jobs In California

San Ramon, CA | Most Lucrative Firefighting Jobs In California

by BRANDON RISTOFF When you think about the best-paid gigs in the San Francisco Bay Area, you might be thinking of the tech industry. But check out firefighting in San Ramon, just east of the Silicon Valley.   In 2020, the San Ramon Valley Fire Protection District —  which covers 155 square-miles in Contra Costa County and serves […]

Xi’s Gotta Have It: How One Huge American Asset Manager Gets Its Green Cues From China

Xi’s Gotta Have It: How One Huge American Asset Manager Gets Its Green Cues From China

The following story is brought to you courtesy of PJ Media. Click the link to visit their page and see more stories. by: Bryan Preston Anyone who has been following the financial news, paying attention to their 401k, or trying their hand at retail investing with apps like Robinhood has surely seen or heard of “ESG.” ESG […]

Evergrande Suspends Trading In All Bonds

Evergrande Suspends Trading In All Bonds

BY Tyler Durden | ZeroHedge Earlier today we pointed out that in what can (obviously) only be a remarkable coincidence, China’s largest, and most systematically important real estate developer, China Evergrande (and its $300+ billion in debt), collapsed on the 13th anniversary of Lehman’s bankruptcy filing, when Beijing told Evergrande’s creditor banks that the insolvent company, which […]

China Yuan Swaps Soar Amid Fears Evergrande Default Will Lead To Liquidity Crisis

China Yuan Swaps Soar Amid Fears Evergrande Default Will Lead To Liquidity Crisis

BY Tyler Durden | ZeroHedge The initial contagion from the upcoming default of Evergrande, which after the company’s hiring of bankruptcy advisor Houlihan Lokey is just a matter of days, is starting to emerge. China’s one-year onshore swap curves surged to the highest in almost four years, signaling market worries over liquidity shortage on potential default […]

Endgame Begins: Evergrande Hires Bankruptcy Advisors As Furious Investors Protest Imminent Default

Endgame Begins: Evergrande Hires Bankruptcy Advisors As Furious Investors Protest Imminent Default

BY Tyler Durden | ZeroHedge It took Evergrande less than a day to go from denying “rumors” of bankruptcy (as per a statement posted on its website earlier today), to confirming that a bankruptcy is imminent. In a filing on the Hong Kong stock exchange on Tuesday, Evergrande which was busy trying to convince angry Chinese mobs that […]

Court Denies NRA Bankruptcy Request, Delivers Blow To Group’s Texas Relocation Plan

Court Denies NRA Bankruptcy Request, Delivers Blow To Group’s Texas Relocation Plan

THOMAS CATENACCI CONTRIBUTOR A federal bankruptcy court dismissed the National Rifle Association’s bankruptcy filing, which the group filed as a means to relocate from New York to Texas. “The Court finds there is cause to dismiss this bankruptcy case as not having been filed in good faith both because it was filed to gain an unfair […]

Here’s Why The NRA Filed A Long Shot Bankruptcy Bid With $50 Million In Net Assets

Here’s Why The NRA Filed A Long Shot Bankruptcy Bid With $50 Million In Net Assets

THOMAS CATENACCI CONTRIBUTOR Powerful Second Amendment advocacy group the National Rifle Association (NRA) filed for Chapter 11 bankruptcy Jan. 15, but stressed it was in its “strongest financial condition in years.” The NRA, which reported in court Wednesday net assets of $50 million suggesting financial strength, said it seeks to use bankruptcy to move from New […]

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