Home » Posts tagged with » debt

A Current Burden Of Deficit Financing

A Current Burden Of Deficit Financing

by Donald J. Boudreaux My late Nobel-laureate colleague James Buchanan made many important contributions. Among the most significant is his proof, first offered in 1958, that Adam Smith and other classical economists were correct to argue that government projects that are funded with debt are ultimately paid for by the future citizens whose taxes must be raised (or whose […]

California Has 2nd Lowest Homeownership Rate In U.S.

California Has 2nd Lowest Homeownership Rate In U.S.

Mike LaFirenza Income inequality has been a major social, political, and economic issue since the Great Recession, and the uneven effects of the COVID-19 economy has only made the gaps between America’s haves and have-nots even starker. These divergent economic fortunes will continue to have a major effect on housing in the U.S. During the […]

California Has 6th Most Government Debt Per Capita

California Has 6th Most Government Debt Per Capita

The COVID-19 pandemic has had enormous impacts on state and local governments by reducing tax revenue, causing widespread unemployment, and increasing healthcare costs. In addition to reducing spending and, in some cases, raising taxes, state governments have relied on debt to address their budget shortfalls during the pandemic. According to data from the U.S. Census […]

Julia Brownley – If you are our rep Save this Country – No, No, No, No!

Julia Brownley – If you are our rep Save this Country – No, No, No, No!

Contact Ms. Brownley, who is supposed to be representing Ventura County and this country as opposed to global interests.  Congress is about to break the bank.  Call/contact/email Julia Brownley’s office – now! Urge her to vote – No on the raising the Debt Ceiling No on approving the Continuing Resolution without addressing the culminative debt […]

Oxnard, CA | Water Master Plan

Oxnard, CA | Water Master Plan

Commentary by Larry Stein The Oxnard City council is about to approve the refinancing of $40,000,000 of Water Bonds. I wish to inspect the public documents that reflect the expenditures that was paid by the original debt. I wish to know how much of the proceeds was used to benefit the non-potable users and how […]

Eight Bond Deals Pulled On Evergrande Contagion

Eight Bond Deals Pulled On Evergrande Contagion

BY Tyler Durden | ZeroHedge After a record post-Labor day bond offering frenzy, and a September calendar which has seen $104BN in IG debt issuance to date, and which Goldman believed (as of last week) will rival the monthly totals of 2019 and 2020… … the mood has soured sharply, and on Monday, at least eight investment-grade […]

The Ultimate Contagion: China Sovereign Risk Is Starting To Blow Out

The Ultimate Contagion: China Sovereign Risk Is Starting To Blow Out

BY Tyler Durden | ZeroHedge “Something historic will happen this week” was how we started to explain the process by which the collapse of Evergrande could spread contagiously across the world this week. One glance at global markets this morning suggests, at a minimum, that risk is being de-grossed across everything from European utilities to cryptos to US materials stocks. […]

Six Evergrande Execs Face ‘Severe Punishment’ Over Early Redemptions For Themselves

Six Evergrande Execs Face ‘Severe Punishment’ Over Early Redemptions For Themselves

BY Tyler Durden | ZeroHedge Six senior Evergrande executives are facing “severe punishment” for securing early redemptions for themselves on investment products which the imploding Chinese real estate giant told retail investors they couldn’t repay on time. According to the Financial Times, over 40 group executives had personally invested in its investment products – with six of them securing early […]

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 […]

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 […]

Page 1 of 6123Next ›Last »