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California Economy Is 10th Most Dependent On Securities Trading

California Economy Is 10th Most Dependent On Securities Trading

Mike LaFirenza While much of the economy has struggled during the COVID-19 pandemic, one area that has consistently performed well is the equities market. One of the most commonly followed stock indices, the S&P 500, took a major hit in the early days of the pandemic, losing nearly one-third of its value in February and […]

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. […]