hkg6666
Chinese company Evergrande Property Services Group Ltd (HKG:6666) may have avoided a default for now, providing some relief for Chinese equities and European markets this morning, but the company isn’t out of the woods yet, says EXANTE’s senior analyst, Victor Argonov. Q3 2021 hedge fund letters, conferences and more Evergrande Is Not Out Of The Woods Yet"In a surprise, but welcoming, development, China Evergrande made a last minute overdue interest payment to its offshore bondholders overnight. That was according to the state-owned Securities Times. The company had already missed the payment ...
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The Evergrande crisis –China Evergrande Group (HKG:6666) (OTCMKTS:EVGPF)– has brought to light how China has more than 30 million unsold properties that could serve as the home to 80 million people. Mark Williams, chief Asia economist at Capital Economics, estimates that the “ghost town” phenomenon in the country could account for the entire population of Germany. Q3 2021 hedge fund letters, conferences and more Evergrande Crisis And “Ghost Town China”As reported by CNN, a further 100 million properties are estimated to have been bought but not occupied, “which could accommodate roughly 260 mi...
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Following Evergrande Property Services Group Ltd (HKG:6666) default unease, American Institutions have been reportedly panicking after realizing the Chinese property they have invested in is in fact, in China. Q3 2021 hedge fund letters, conferences and more Disclaimer: This is a satirical article. Institutions Realize Chinese Property Is Located In China“We’re screwed.” one anonymous Barclays’ analyst said. “We just thought anything with China was just some hot tech stock, but it turns out the real estate we are invested in, is literal Chinese soil.” the analyst added. Goldman Sachs has taken...
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“Crisis.” Q3 2021 hedge fund letters, conferences and more It’s the most overused word in finance… The Twin CrisesAnd right now, markets are being tested by two “crises” at once. You’ve likely noticed these “crises” are dragging down stocks, especially tech stocks. The Nasdaq just had its worst day since March. It’s now lost 6% in the last two weeks. A 6% dip might not sound all that big… and it’s not. It’s a perfectly normal gyration that happens a few times a year. But this dip feels worse to many folks, since it’s the first meaningful drop in the Nasdaq since May. Today, we’ll look at the “...
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Strubel Investment Management’s commentary for the month of September 2021, discussing the financial trouble of Evergrande Property Services Group Ltd (HKG:6666). Q2 2021 hedge fund letters, conferences and more Dear Investors, I like to write newsletters when there is actually something worthwhile to discuss. Over the past few months, there have been few to no new developments in the stock market worth discussion. But lately we finally have some news worthy events. We are still seeing the same slow re-opening as the world deals with the delta variant of COVID and vaccinations increase. The gl...
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On the evening of June 9, 1772, Alexander Fordyce was drunk out of his mind when he came stumbling home to his wife. Q2 2021 hedge fund letters, conferences and more As Fordyce was a widely respected London banker and senior partner at the firm Neale, James, Fordyce, and Down, this behavior was uncharacteristic… and his family was rightfully worried. The next morning Fordyce was gone. He had fled across the English Channel to France. And then the news struck– his bank had gone bust and was closing its doors. By itself this shouldn’t have been a big deal; it was only one guy, and one bank. But ...
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A survey of retail investors who receive weekly market commentary from strategist Louie Navellier found that 67% are optimistic about the trajectory of the U.S. economy, while 33% were pessimistic. Q2 2021 hedge fund letters, conferences and more Retail Investors Are Evaluating Fundamental Economic Data“I find these results encouraging for what they suggest about the market, but also the sophistication of individual investors,” said Louis Navellier. “The proverbial ‘Wall of Worry’ has been particularly steep since the onset of the Delta variant, but these results indicate that retail investors...
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In hisDaily Market Notes report to investors, while commenting on Evergrande being a “Lehman Moment”, Louis Navellier wrote: Q2 2021 hedge fund letters, conferences and more Fed CredibilityGoing into this week’s FOMC meeting, the cooling of these inflation numbers gives the Fed credibility regarding its “transitory inflation” prediction. Overall, the August CPI was a very pleasant surprise! The Labor Department also announced that import prices declined 0.3% in August, evidence that inflation may be “transitory,” as the Fed has implied. Export prices rose 0.4% in August, but that was the small...
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