BREAKING: Judge Amero In GA Election Case Gives SoS Raffensperger The Ability To Decide Case Against Raffensperger Allowing Election Fraud
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https://freerepublic.com/focus/f-news/3996607/posts
The Collapse of China’s Evergrande Group isn’t the only reason the stock market is headed for its worst day in 2 months. Here are 5 other reasons
Market Watch ^ | 09/20/2021 | Mark DeCambre
Posted on 9/20/2021, 12:09:58 PM by SeekAndFind
U.S. stock benchmarks were on track to post the worst daily drop in more than two months, with the skid being blamed on the potential collapse of Evergrande. The Chinese property giant is threatening to default on $300 billion in debt that could ripple through global markets.
However, the sharp downturn by the highly leveraged real-estate sector, which the Financial Times notes makes up more than 28% of China’s economy, isn’t the only problem for markets on Monday.
Here are a few others.
Delta woes
The delta variant of COVID-19 is resulting in higher cases in the world’s largest economy.
The U.S. is now averaging more than 2,000 deaths daily, according to a New York Times tracker, the most since March 1, and consist almost entirely of unvaccinated people. Florida, which has vaccinated 56% of its population, is averaging 353 deaths a day. Texas, where 50% of the population is inoculated, is seeing 286 deaths a day, according to the Times. The two states account for more than 30% of all COVID-19 deaths since March 1.
Fed taper talk
Markets are fixated on the rate-setting Federal Open Market Committee’s Sept. 21-22 meeting, where Fed officials facing the prospect of removing accommodations that have propped markets up since the start of the COVID-19 pandemic in the U.S., even as the economic rebound looks uneven.
The Fed has been buying $80 billion of Treasurys and $40 billion of mortgage-backed securities each month since last June to keep long-term interest rates low and bolster demand. It said it would maintain the purchases until the economy hit a threshold of “substantial” progress on inflation and the labor market and the question the market is weighing is whether the time for tapering those asset purchases is now.
MOAR
from what we’re seeing out of AZ, it looks like the state legislatures have all the power.
need to keep it out of the crook courts & judges, imo