Ghost’s Financial Market Report – Evergrande, China & The Debt Ceiling

The markets are currently reacting to the pending default of a Chinese real estate juggernaut called Evergrande. This company owes global creditors $300 billion is outstanding debt, and is supposed to make a $83.5 million interest payment on Sept. 23 on its March 2-22 bonds and a $42.5 million payment on Sept. 29 on its … Continue reading Ghost’s Financial Market Report – Evergrande, China & The Debt Ceiling

Ghost’s Financial Market Report – 1

The prognosticator of prognosticators strikes again! Last week's Federal Reserve announcement of pushing back interest rate hikes from 2024 to 2023 has instantly put assets in freefall into the negative. The FED's actions brought instant gains into the U.S. dollar to a 2 month high. Prices of commodities also took at hit with this announcement. … Continue reading Ghost’s Financial Market Report – 1