One picture saves ten thousand words Social contagion is the spread of emotions or behaviors from one individual to another, sometimes without awareness. Much like a virus, in order for a social contagion to live on within a population, it …
The US credit crunch has started, says Apollo's Torsten Slok, citing a March 21-29 Dallas Fed survey of banks. "A survey of 71 banks in the Dallas Fed district done after SVB went under shows a dramatic reversal in loan …
by BoatSurfer600 CNBC Credit Default Swap data removed from multiple banks 🚨 pic.twitter.com/tG6fMd3PP5 — Wall Street Mav (@WallStreetMav) March 27, 2023
.@SecYellen has apparently pushed the SIBs to recycle some of the deposits they received from @firstrepublic back into FRB for 120 days. The result is that FRB default risk is now being spread to our largest banks. Spreading the risk …
by confoundedinterest17 Ah, memories! I still remember the 2000s housing bubble and subsequent financial crisis and bank bailout from 2008/2009 like it was yesterday. And I remember Representative Barney Frank (D-MA) claiming that the Dodd-Frank legislation would end bank bailouts. I laughed out …
Cryptocurrency lending firm Genesis Global Capital has reportedly asked crypto exchange Binance and private equity firm Apollo Global Management for cash. Genesis is faltering as the FTX contagion continues to spread throughout the cryptocurrency world. The Wall Street Journal reports …
https://twitter.com/WallStreetSilv/status/1592693003654926336 https://twitter.com/WallStreetSilv/status/1592621907412938752 BREAKING – FTX CLASS ACTION 🚨 Lawsuit alleges “active involvement” in a “Ponzi scheme” with FTX by celebrities, including: Kevin O'LearyTom BradyGisele BündchenStephen CurryShaquille O’Neal — Bitcoin Archive (@BitcoinArchive) November 16, 2022
by Martin Armstrong This FTX scandal is the death nil for cryptos. At first, I assumed that perhaps they lost a ton of money because of the implosion of the bond market. But this was not the case. In fact, …
NOW TETHER IS THE ONLY LARGE FRAUD LEFT IN CRYPTO $USDT — GURGAVIN (@gurgavin) November 10, 2022 Crypto markets face weeks of deleveraging in the fallout from the crisis at digital-asset exchange FTX.com. A “cascade of margin calls” is likely …
Financial contagion has spread so far across China’s property industry that even state-backed developers are at risk of surging default, according to Citigroup analysts https://t.co/SOi71zNPjZ — Sunchartist (@sunchartist) September 19, 2022 China collapse = moass [From bad to worse: Chinese …
by TheRealJugger more chinese RE developers are close to default on their debt the contagion is sparking fears pic.twitter.com/6yF3Dy0PKe — Alessio (@AlessioTMAD) July 21, 2022 China’s property bonds’ “graveyard”: pic.twitter.com/9kIQH9TgE9 — Natalia Gurushina (@NGurushina) July 20, 2022 China’s banks report …
Germany’s economy minister warns of a “market collapse” if natural-gas prices continue to soar. Germany has triggered the second stage of its three-stage emergency gas plan on supply fears. That’s after Russia —citing a techincal reason — slowed piped natural-gas …
by laflammaster https://www.fitchratings.com/search?expanded=racs&filter.sector=&filter.language=English&filter.region=&filter.country=&filter.country=China&filter.reportType=Rating%20Action%20Commentary&filter.topic=&sort=recency https://www.fitchratings.com/search?expanded=racs&filter.sector=&filter.language=English&filter.region=&filter.country=&filter.country=China&filter.reportType=Rating%20Action%20Commentary&filter.topic=&sort=recency
by laflammaster
SHANGHAI, Jan 10 (Reuters) – Shimao Group Holdings has put on sale all of its real estate projects, including both residential and commercial properties, as the cash-strapped Chinese property developer accelerates asset disposals, Caixin reported. Shimao, which defaulted on a …
by confoundedinterest17 While the Chinese Wuhan virus (aka, the Fauci Flu) has plagued the world, another Chinese “export” is also suffering what is known as contagion: China’s real estate sector. Real estate companies Evergrande, Kaisa, Shimao and Chinese Estates are …
by laflammaster https://twitter.com/next_china/status/1471342976496545792 Fitch downgrades Lanzhou from BB to BB+. “There is no way we can repay so many creditors with our limited resources,” said an #Evergrande executive, who asked not to be identified. “We will let judges decide who …
by laflammaster Tue 07 Dec, 2021 – 2:08 AM ET Fitch Ratings – Hong Kong – 07 Dec 2021: Fitch Ratings has downgraded China Aoyuan Group Limited’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘C’, from ‘CCC-‘. Fitch has also …
by laflammaster Some China Evergrande Group bondholders have not received overdue coupon payments after the end of a month-long grace period, putting the world’s most indebted property developer on the brink of its first default on offshore notes. S&P Global …
by laflammaster However, data from known developer firms in trouble, shows that Fantasia’s bond debt was only 3.1% ($1.82B) vs Country Garden (19%), Evergrande (16%), and Sunac and Kaisa (both 13%). Fantasia is just a drop in a bucket, a …
by laflammaster
From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: An inside look into China’s Evergrande crisis, gold surges as the narrative around it shifts, and how …
by laflammaster Related: Substantial slowdown of China’s giant housing market is occurring.
by laflammaster
