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China Evergrande misses interest payments to banks

China Evergrande misses interest payments to banks

On Monday China Evergrande missed interest payments due to at least two of its largest bank creditors. Banks had been expecting Evergrande to miss the payments after China’s housing ministry told them the company would be unable to pay on time. Evergrande has borrowed...
Call to Action: Rolling over VIX Options today

Call to Action: Rolling over VIX Options today

On my paid JubakAM.com site today, I recommended selling the November 17 VIX Call Options in my Volatility Portfolio and rolling that profit of 41.25% over to buy the December 22 VIX Call Options. Just so you know what I’m doing on my subscription site about...
China’s economy slows at unexpectedly high speed

China’s economy slows at unexpectedly high speed

Retail sales rose just 2.5% in August from a year earlier, China’s National Bureau of Statistics reported today. The estimate from economists surveyed by Bloomberg was for 7% year over year growth. Retail sales grew at an 8.5% pace in July. Industrial production...
My vacation schedule

My vacation schedule

With apologies to the GoGos. “Vacation All I ever wanted Vacation Had to get away” I’m taking some time off starting today. I’ll be back at the keyboard full time on September 13. Except for travel days–like today and...