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Stock Market Nosedives As Massive Sell-Off Continues

Stock Market Nosedives As Massive Sell-Off Continues

Thomas Catenacci  Major stock market indices plummeted Monday in a continuing sell-off tied to China’s declining property value, increasing COVID-19 cases and lack of progress in Congress on increasing the debt limit. The Dow Jones Industrial Average (DJIA), an index measuring 30 major U.S. corporations, dropped 1.78% on Monday. The S&P index, which measures 500 of the […]

‘I’m Happy To Show My Cards’: Progressives Double Down, Vow To Tank Infrastructure Bill If Budget Gets Delayed

‘I’m Happy To Show My Cards’: Progressives Double Down, Vow To Tank Infrastructure Bill If Budget Gets Delayed

Andrew Trunsky  Progressives are doubling down against the bipartisan infrastructure bill unless it accompanies Democrats’ $3.5 trillion budget as its path to becoming law becomes more complex given moderates’ objections to its size and scope. House leadership guaranteed an infrastructure vote on Sept. 27 in August when they advanced the budget, and promised that the vote would not […]

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 […]

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’s “Lehman Moment” Arrives On 13th Anniversary Of Lehman Bankruptcy: Beijing Tells Banks Evergrande Won’t Pay Interest

China’s “Lehman Moment” Arrives On 13th Anniversary Of Lehman Bankruptcy: Beijing Tells Banks Evergrande Won’t Pay Interest

BY Tyler Durden | ZeroHedge Yesterday, when covering the non-stop drama surrounding China’s most insolvent property developer, Evergrande, we said that it would be remarkably ironic if Evergrande were to announce a default – which everyone knows is coming – today, on the 13th anniversary of Lehman’s bankruptcy filing on Sept 15, 2008.   Evergrande […]

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 […]

‘National Debt’ is a Scam. Repudiate it.

‘National Debt’ is a Scam. Repudiate it.

    By Thomas L. Knapp The world’s political elites sound a lot like Chicken Little lately as Greece’s regime heads into what looks like full-scale default and Puerto Rico’s governor publicly mulls bankruptcy proceedings. Lots of other governments continuously teeter on the edge of that same abyss, not least that of the United States. […]

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