East Asia – Purcell Investment Research

Why China’s Crisis is like the panic of 1907

China, East Asia, Emerging Markets, Financial Markets, History, Lake Street Review, Money Market, Public / jampurcell13

In 2021 the cracks in China’s real estate sector were exposed when its biggest developer – Evergrande Group – started having trouble making interest payments on its debt. The company’s bonds were never in amazing shape. Junk debt, to be sure. They traded around 83 cents on the dollar in May of 2021, but by […]

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China’s Monuments to Capital Waste

China, East Asia, Economy, Emerging Markets, Interview, Lake Street Review, Podcast / jampurcell13

The Lake Street Review Podcast

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Korea is Growing Closer to a Financial Crisis

Asia Ex-China, East Asia, Economy, Financial Markets, Money Market / jampurcell13

A high private debt load, deep webs of counterparties in real estate loans, and collapsing real estate values make conditions ripe for a debt deflation.

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