TOPICS AND TIMESTAMPS:
EVERGRANDE HALT 0:39
PERMANENT INFLATION 7:21
GETTING MESSY 13:41
$GPS INSIGHTS
#1 EVERGRANDE HAS 40-50% OFF BALANCE SHEET DEBT
#2 FINANCIAL CONTAGION AND SHADOW BANKING HIDE BENEATH SURFACE
#3 INVESTORS MUST PREPARE FOR SPILLOVER EFFECTS, JUST IN CASE
Share Trading Suspended as Debt Test Looms: Evergrande Update - Bloomberg
https://www.bloomberg.com/news/articles/2021-10-04/share-trading-suspended-as-debt-test-looms-evergrande-update?sref=Yg3sQEZ2&utm_source=twitter&cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_medium=social
Sunk costs: business failures from the Titanic to Evergrande | The Economist
https://www.economist.com/1843/2021/10/01/sunk-costs-business-failures-from-the-titanic-to-evergrande
Evergrande, Property Management Unit Share Trading Halted - Bloomberg
https://www.bloomberg.com/news/articles/2021-10-04/evergrande-property-management-unit-suspend-hong-kong-trading
China Steps Up Efforts to Ring-Fence Evergrande, Not Save It - Bloomberg
https://www.bloomberg.com/news/articles/2021-10-03/china-steps-up-efforts-to-ring-fence-evergrande-not-to-save-it?srnd=all
China GDP revised_0.jpg (796×503)
https://cms.zerohedge.com/s3/files/inline-images/China%20GDP%20revised_0.jpg?itok=Ln9tjwXJ
U.S. could be heading into an ‘era’ of high inflation that produces paltry, or even negative, real returns on safe assets, analyst warns - MarketWatch
https://www.marketwatch.com/story/u-s-could-be-heading-into-an-era-of-high-inflation-that-produces-paltry-or-even-negative-real-returns-on-safe-assets-analyst-warns-11633016799
ship 6.jpg (800×572)
https://cms.zerohedge.com/s3/files/inline-images/ship%206.jpg?itok=sfM_6d6z
THOMSON REUTERS PRESENTATION TEMPLATE
https://fingfx.thomsonreuters.com/gfx/ce/zjpqkjzympx/EUROPE%20GAS%20AND%20ELECTRICITY%20PRICES.pdf
Energy Crisis Forces German Power Plant to Halt on Lack of Coal - Bloomberg
https://www.bloomberg.com/news/articles/2021-10-01/energy-crisis-forces-german-power-plant-to-halt-on-lack-of-coal?sref=6uww027M
Berliners Are Angry About Housing. And So Is Much of Europe - Bloomberg
https://www.bloomberg.com/news/articles/2021-10-03/berliners-are-angry-about-housing-and-so-is-much-of-europe
Mortgage Payments Haven’t Been This Unaffordable Since 2008 - WSJ
https://www.wsj.com/articles/mortgage-payments-havent-been-this-unaffordable-since-2008-11633253401
uptrend broken ms.jpg (940×444)
https://cms.zerohedge.com/s3/files/inline-images/uptrend%20broken%20ms.jpg?itok=VQze_zXu
National Restaurant Association DC Letterhead
https://restaurant.org/downloads/pdfs/advocacy/2021/reconciliation-letter-to-congressional-leaders
eyJidWNrZXQiOiJhbGlnbmFibGV3ZWItcHJvZHVjdGlvbiIsImtleSI6InVwbG9hZHMvMjUvMGIxMWM4NzYtOTE0MS00NzA5LWFkZGEtNTRkZDk5NWI3YzdkL3NjcmVlbl9zaG90XzIwMjFfMDlfMjhfYXRfMTIuMTkuNDZfYW0ucG5nIiwiZWRpdHMiOnt9fQ== (1292×822)
https://pictures.alignable.com/eyJidWNrZXQiOiJhbGlnbmFibGV3ZWItcHJvZHVjdGlvbiIsImtleSI6InVwbG9hZHMvMjUvMGIxMWM4NzYtOTE0MS00NzA5LWFkZGEtNTRkZDk5NWI3YzdkL3NjcmVlbl9zaG90XzIwMjFfMDlfMjhfYXRfMTIuMTkuNDZfYW0ucG5nIiwiZWRpdHMiOnt9fQ==
DHL Raising Rates for U.S. Shippers by 5.9% - WSJ
https://www.wsj.com/articles/dhl-raising-rates-for-u-s-shippers-by-5-9-11633089600?mod=pls_whats_news_us_business_f
