Check out the accompanying pdf and chart collection. (1) Gray rhinos, black swans, and blue angels. (2) Evergrande’s troubles started about a year ago with its first liquidity scare. (3) “Three red lines” regulation worsened liquidity crunch for property developers in recent months. (4) More cracks in the Great Wall of China. (5) Will this be the Great Fall of China? (6) Xi Jinping, Mao Zedong, and George Orwell. (7) Xi’s hard left turn. (8) Nine gray rhinos. (9) S&P 500 forward revenues, earnings, and profit margin all at record highs.
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