KKR, one of the largest real estate investment houses in the world, just decided to put a limit to investors' withdrawals from one of their funds.
After Blackstone, another huge real estate player trying to stop the bleeding by forcing investors to stay in and swallow the pain.
Hindenburg Research says:
$HKD is a new IPO that just surged to a market cap of over $425 billion, despite having only ~$25m in annual revenue.
The company is ~88.7% owned by AMTD, a sketchy Hong Kong-based underwriter we at @HindenburgRes have written about previously.
Peter Schiff has said:
It's likely that the U.S. economy will never be in a recession again. If we no longer … define one, governments will always be able to find some excuse to claim the economy isn't in one. Ironically, we're not in a recession now. We're in a depression.