A young Robert Downey, Jr. visits Wall Street for a documentary and here is his reflection. 😂
Nothing has changed. Wait till he checks out Fintwit. 🤣
$SPY $QQQ $TLT $TSLA $NVDA
China’s second-largest developer Country Garden with annual revenues of more than $70 billion, is on the verge of collapse.
The company’s 8% bonds due in 2024 are trading at a paltry 9 cents, signalling massive losses for the bondholders. The yield is skyrocketing, meaning nobody expects it to be paid.
China’s property meltdown continues 🔥🔥🔥
Memo to the Fed: Your rate hikes aren't slowing inflation because inflation is coming from big corporations using the cover of inflation to increase their prices more than their costs.