WallStForMainSt: China's Local Governments Being Sued & Not Paying What They Owe (More IOUs)?
Despite the headlines of great retail and consumer sales on Singles Day on Monday and the Chinese Yuan almost back to below 7 against the US Dollar on its exchange rate, there's still a growing amount of red flags beneath the surface in the Chinese economy. Contractors hit as China local government defaults rise https://www.ft.com/content/36a1115a-002b-11ea-b7bc-f3fa4e77dd47 China Embraces Bankruptcy, U.S.-Style, to Cushion a Slowing Economy https://www.wsj.com/articles/china-embraces-bankruptcy-u-s-style-to-cushion-a-slowing-economy-11573058567 Chinese Inflation Hits Highest Rate Since 2012 https://www.ibtimes.com/chinese-inflation-hits-highest-rate-2012-2862729 Pork Hyperinflation Sends Chinese Consumer Prices Soaring Most In 7 Years https://www.zerohedge.com/economics/pork-hyperinflation-sends-chinese-consumer-prices-soaring-most-7-years Defaults among lower tier government-backed bond issuers in China could rise as US$560 billion matures in next two years https://www.scmp.com/business/banking-finance/article/3026931/defaults-among-lower-tier-government-backed-bond-issuers China’s pork crisis is bigger than you think https://www.marketwatch.com/story/chinas-pork-crisis-is-bigger-than-you-think-2019-11-11?mod=nextup_bomw China’s consumer prices rise at fastest clip in nearly 8 years, as pork prices continue to soar https://www.cnbc.com/2019/11/09/china-ppi-cpi-in-oct-consumer-inflation-soars-on-high-pork-prices.html UPDATE 2-China factory prices falter, while inflation soars to near 8-yr high https://news.yahoo.com/1-china-factory-gate-prices-032822418.html China Car Sales Keep Falling as Peak Season Fails to Deliver https://business.financialpost.com/pmn/business-pmn/china-car-sales-keep-plunging-as-peak-season-fails-to-deliver China's Credit Creation Unexpectedly Collapses At The Worst Possible Time https://www.zerohedge.com/economics/chinas-credit-creation-unexpectedly-collapses-worst-possible-time Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 71 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**
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