TOPICS AND TIMESTAMPS:
Landslide 0:00
EVEN MORE DEFAULTS 0:45
UNREST 7:42
FORBEARANCE 13:07
$GPS INSIGHTS
#1 ANOTHER DEFAULT IN CHINA. PROPERTY DEVELOPERS FACE DIFFICULTY
#2 CRISIS INTENSIFIES MEANING FINANCIAL SYSTEM AT RISK
#3 INVESTORS MUST WATCH ALLOCATION TO HIGH RISK BETS
Alibaba Down $344 Billion, World's Biggest Wipeout, Year Since Jack Ma Speech - Bloomberg
https://www.bloomberg.com/news/articles/2021-10-25/alibaba-s-value-drop-tops-the-world-one-year-after-ma-s-speech
Alibaba founder Ma spotted in Mallorca in rare trip abroad after China scrutiny | Reuters
https://www.reuters.com/business/alibaba-founder-ma-spotted-mallorca-rare-trip-abroad-after-china-scrutiny-2021-10-20/
China Urges Evergrande's Billionaire Founder to Pay Debt With Personal Wealth - Bloomberg
https://www.bloomberg.com/news/articles/2021-10-26/china-urges-evergrande-founder-to-pay-debt-with-personal-wealth?srnd=economics-vp#:~:text=The%20demand%20that%20Hui%20tap,in%20the%20real%20estate%20market.
Record China Defaults in Focus as Modern Land Joins the List - Bloomberg
https://www.bloomberg.com/news/articles/2021-10-26/chinese-developer-modern-land-misses-payment-on-dollar-bond
Chinese Developer Modern Land Fails to Repay $250 Million U.S. Dollar Bond - WSJ
https://www.wsj.com/articles/chinese-developer-modern-land-fails-to-repay-250-million-u-s-dollar-bond-11635222852
Fitch Downgrades Modern Land to Restricted Default After Missed Payments
https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-modern-land-to-restricted-default-after-missed-payments-26-10-2021
China Evergrande shares fall on persistent pressure from debt travails | Reuters
https://www.reuters.com/business/shares-china-evergrande-fall-early-trade-2021-10-27/
Blackstone’s Schwarzman Says Energy Squeeze Will Trigger Unrest - Bloomberg
https://www.bloomberg.com/news/articles/2021-10-26/blackstone-s-schwarzman-says-energy-squeeze-will-trigger-unrest?sref=ZMFHsM5Z
Pricey Lumber Is Back Boosted by Supply Cuts, Labor Shortage - Bloomberg
https://www.bloomberg.com/news/articles/2021-10-26/expensive-lumber-is-back-boosted-by-supply-cuts-labor-shortages?srnd=premium-canada
Mystical Hold of ‘Transitory’ Tempts Huge Fed Policy Error - Bloomberg
https://www.bloomberg.com/opinion/articles/2021-10-25/mystical-hold-of-transitory-tempts-huge-fed-policy-error
Bank of Canada on Cusp of Capping Stimulus: Decision Guide - Bloomberg
https://www.bloomberg.com/news/articles/2021-10-26/bank-of-canada-on-cusp-of-capping-stimulus-decision-guide?srnd=premium-canada
Robusta Gains for Fifth Straight Day as Vietnam Logjam Remains - Bloomberg
https://www.bloomberg.com/news/articles/2021-10-25/robusta-gains-for-fifth-straight-day-as-vietnam-logjam-rem
