Weekend Aug 18 2023
Zhongrong Trust has missed interst and principal payments to shareholders. In 2014 it was promising 15% annual returns.
What does an autocratic govt do about bad news, stop publishing!.Tuesday China suspended youth employment data, too much unemployment! Earlier this year it ceased publishiing public confidence figures
CHina's fertility rate has dropped below Japan it is ow 1.09 lower than Japanm 10.26. It takes 2.1 to maintain a population. The yuan is weakening. The ruble is barely more than 100 to the US Dollar.
Physical disasters often accompany market tops. We have the fire in Hawaii, fires in Canada, a hurricane about to hit southern CA, drought in the South, let's see what happens.
Juuly 27 was a top for the DJIA and other markets.
MY assumption is that Wave 2 up form last October has ended.Wave three begins. This is a set up for the usual seasonal weakness in Sept-Oct except this is occurring at a much higher degree of trend than normal.
Icahn in free fall again, since May Carl Icahn has lost half his fortune all tied up in IEP, again this is a snapshot of things to come
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