Page 3 - Sofia Horta News Today

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

by Tyler Durden By Sofia Horta e Costa, Bloomberg reporter and macro commentator The steepening rout in China Evergrande’s shares have sent them far below the value of its assets, showing how pessimistic investors are about the developer’s ability to generate cash. Evergrande shares trade at just 62% of book value following Monday’s plunge, the lowest-ever valuation in data compiled by Bloomberg going back to its IPO in 2009. The wide deviation from its market value suggests shareholder...

better than the +22.8% expected) but slower than the +25.7% in May. June weaker than the +16.0% expected) and slower than the +17.8% in May. June better than the +12.0% expectation). June worse than the +16.0% expected) and well down from the +18.3% in May. June Surveyed This will likely be a little confusing to traders. Given Chinas headline data wasn’t terrible, with retail sales even beating estimates, why does the economy needs more central bank support? Bloombergs Chief China Mark...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

On Friday A PBOC Official Called For A Stronger Yuan; One Day Later His Article Was Deleted by Tyler Durden By Sofia Horta e Costa, Bloomberg reporter and commentator China’s rising inflation is putting focus on the role of the yuan, which is trading near a three-year high. On Friday, a central bank official in the Shanghai branch said China should allow the yuan to appreciate to offset the impact of rising import prices. “As an important consumer of commodities globally, China is inevitabl...