Independent thinking for complex markets and current events
A major Chinese shadow bank has filed for bankruptcy on the grounds it was unable to pay its debts. On Friday, a Beijing court accepted the application from Zhongzhi Enterprise Group (ZEG), which has lent billions to real estate firms. Chinese officials launched an investigation into “suspected illegal crimes” against the firm in November. It …
by Chris Black Last summer, I wrote a brief article about how China’s property sector is, structurally, a bubble. And as with all bubbles, policymakers are equipped with a toolkit limited to delaying, mitigating, or perhaps even changing (https://genco.substack.com/p/the-great-financial-reset-of-2009) the inevitable “burst”. And while Beijing has done a mostly admirable job over the past decade …
by Chris Black China’s property sector is, structurally, a bubble. And as with all bubbles, policymakers are equipped with a toolkit limited to delaying, mitigating, or perhaps even changing (https://genco.substack.com/p/the-great-financial-reset-of-2009) the inevitable “burst”. And while Beijing has done a mostly admirable job over the past decade of delaying the debt crisis, a sort-of countdown to …
could be propaganda don’t know just putting it out there Breaking! On the brink of #nuclearwar #WW3! #Ukraine attacked with a missile the nuclear power plant from #Smolensk on the territory of #Russia. If this it’s confirmed expect everything. #Nazis in #Kiev know they can’t win and want to trigger a catastrophe. pic.twitter.com/A1xjCUGK3a — Nico’R …
Newsom’s media blitz fuels presidential talk California Gov. Gavin Newsom’s (D) rising media profile in recent weeks has renewed speculation over his presidential aspirations. Newsom seized on a fight with Florida Gov. Ron DeSantis (R) over the decision to fly several dozen migrants to the Golden State, threatening possible charges against Florida officials and labeling …