This is the self-inflicted Wall Street crash that in no way can be connected to the Biden Administration and their policies. If anything the Biden policies are the complete opposite of this ANTICIPATED crash. This is the way China destroys commerce as well.
When this crash occurs, no hedge fund bailout and only bailout industries directly connected to the wealth potential of the Middle Class like insurance companies or mortgage companies.
This is nonsense and this is the excess that Wall Street is investing in China and they will come crying when their investment porfolios are reaching ZERO. The dips in the stock market that has occured under the Biden White House is due directly to this Chinese company. Wall Street has been strategizing around this company for weeks if not months.
Let Chinese companies crash. The Chinese have nothing but hostile agendas for people that love democracy as in Hong Kong and Taiwan. Let them crash.
The USA needs to be producing their own computer chips anyway. It is a national security issue.
October 4, 2021By Shalini Nagarajan
Global stocks fell Monday (click here) after a trading halt for beleaguered Chinese property giant Evergrande worried investors, while oil prices wobbled as investors braced for a meeting of major oil producers later in the day.
Futures on the Dow Jones were down 0.2%, while those on the S&P 500 lost 0.3%. Nasdaq futures declined 0.5% as of 5:50 a.m. ET, suggesting an unwinding of Friday's gains later in the day.
In Europe, the pan-continental Euro Stoxx 600 index dropped 0.2%, while Frankfurt's DAX moved 0.4% lower.
In Asia, shares in Hong Kong's Hang Seng index sank by 2.4%, while markets in mainland China were closed for a holiday. With South Korea also on holiday, trading was thin on other regional indexes. Tokyo's Nikkei fell 3% after Fumio Kishida was voted in as Japan's new prime minister....
The Biden White House is going to have to be prepared with a strategy if the worse happens. This is going to hit hard when the final drama plays out and the entire Republican party will be blaming Biden for the crash. NOT SO! Fair notice to Republicans, NO MORE LIES, about anything including the lousy investments Wall Street makes in China.
October 4, 2021By Isabelle Lee
US stocks slipped on Monday (click here) as investors closely eyed new developments in the the Evergrande saga, with trading of the property developer's stock suspended in Hong Kong. and looked for signs that Congress could avert the looming debt ceiling crisis later this month.
The benchmark S&P 500 fell after posting its biggest weekly loss since February. The Dow Jones Industrial Average also slid lower, after spiking nearly 500 points on Friday.
Trading in shares of embattled Evergrande and its property management unit were suspended Monday pending an announcement about a "major transaction." The trading halt came as another debt payment loomed, with no sign that the world's most indebted company had met two obligations to foreign investors last week....
By Julie Gerstein and Harry Robertson
Trading in the shares (click here) of embattled Chinese property developer Evergrande and its property management unit were suspended on Monday pending an announcement about a "major transaction."
The trading halt came as another debt payment loomed, with no sign that the troubled company had met two obligations to foreign investors last week....
