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Cryptocurrency: Dave Troy Is Partly Right, But On The Wrong Side

Cryptocurrency: Dave Troy Is Partly Right, But On The Wrong Side

    by Thomas L. Knapp In a series of tweets on November 9, “serial technology entrepreneur” Dave Troy outlines his view of cryptocurrency as  “an ideologically-driven attack on the legitimacy of fiat currency, the @federalreserve, and the incumbent financial system,” and “the sequel to the January 6th” Capitol riot. Let’s dispense with the latter […]

Default Of Second Chinese Developer Sparks China Junk Bond Meltdown As Contagion Explodes

Default Of Second Chinese Developer Sparks China Junk Bond Meltdown As Contagion Explodes

BY Tyler Durden | ZeroHedge As we expected, Evergrande is only the first cockroach. With the world waiting to find out the fate of a $260 million bond issued by Jumbo Fortune Enterprises which is guaranteed by Evergrande, and which has no grace period so an event of default could take place as soon as this week (the […]

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 […]