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Brother, Can You Spare $29 Trillion?

Brother, Can You Spare $29 Trillion?

  by Thomas L. Knapp Well,  it’s time for one of those periodic “debt ceiling” fights in Congress. Every so often, American politicians argue over whether to allow themselves to borrow more money, with their promise to beat it out of your hide, plus interest, later, as their collateral. These fights get dramatic, in the […]

Evergrande Bonds Halted Amid Liquidation Panic As Contagion Spreads To Other Chinese Junk

Evergrande Bonds Halted Amid Liquidation Panic As Contagion Spreads To Other Chinese Junk

BY Tyler Durden | ZeroHedge With algos busy chasing upward momentum in futures and global stocks, the biggest – if largely ignored story – remain the ongoing collapse of “China’s Lehman“, the $300+ billion China Evergrande, where following our earlier reports (see below) that a bank run  emerged among creditors of the biggest and most […]