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“Unprecedented Liquidity Pressure” – Chinese Property Stocks Crater As Kaisa Misses Payment

“Unprecedented Liquidity Pressure” – Chinese Property Stocks Crater As Kaisa Misses Payment

BY Tyler Durden | ZeroHedge Two days after we reported that “China Junk Bond Yields Hit All Time High As Property Default Contagion Spreads”, the index of Chinese junk bond yields has hit a fresh all time high, rising above 21% on Thursday… … as the contagion vortex in the Chinese property sector claimed yet […]

Evergrande Shares Tumble On Sale Failure, 97% Plunge In Sales As Markets Brace For Chinese Default Avalanche

Evergrande Shares Tumble On Sale Failure, 97% Plunge In Sales As Markets Brace For Chinese Default Avalanche

BY Tyler Durden | ZeroHedge After weeks of being halted for trading since the last day of September, on Thursday trading in shares of China’s most insolvent property developer, Evergrande, resumed. In retrospect, it was not a great idea. Evergrande shares slumped as much as 14.2% after the debt-strapped developer sought unsuccessfully to sell a controlling […]

Joe Biden’s Silent War On Seniors

Joe Biden’s Silent War On Seniors

  Chris Jacobs  Despite being the oldest American president in history, Joe Biden has shown a distinct lack of interest in caring for America’s seniors. His budget included virtually no reforms to Social Security and Medicare programs that face growing financial shortfalls. By ignoring the crisis facing our current entitlements while proposing new financial commitments, […]

Oxnard public safety unions dispute city claims, release 2014-15 city financial data

Oxnard public safety unions dispute city claims, release 2014-15 city financial data

By George Miller The Oxnard public safety unions (Firefighters and Peace Officers Associations) and the Oxnard Mid Managers Association (OMMA) have been engaged in a dispute with the city over the true state of its finances. The city maintains that it is in a state of near insolvency, while the associations believe that there are ample […]

Event: Is Oxnard Really on the verge of Insolvency?

Event: Is Oxnard Really on the verge of Insolvency?