Wealthion, Released on 9/24/21 The world has become a lot more volatile over the past few weeks. Markets are lurching up & down as investors have become suddenly concerned about contagion — and not just from the new COVID variants, but contagion from the failure of big players in China, like Evergrande, and contagion from […]
Wall St. For Main St., Released on 9/24/21 Evergrande is just a microcosm of China’s real estate bubble and shadow banking problems. Chinese shadow banking refers to underground financial activity that takes place outside of traditional banking regulations and systems. China has one of the largest shadow banking industries with over 40% of the country’s […]
Bloomberg, Released on 9/21/21 Ray Dalio, founder and co-chief investment officer at Bridgewater Associates, talks about the China Evergrande Group’s debt crisis, doing business in China, the value of Bitcoin and when the Federal Reserve might start to taper its monthly bond purchases. He spoke to Tom Keene on “Bloomberg Surveillance” from the Greenwich Economic […]
CNBC, Released on 9/20/21 CNBC’s “Squawk Box” team discusses China’s Evergrande facing looming default and the market sell-off with Mohamed El-Erian, Allianz and Gramercy advisor. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and […]
