Will China’s Evergrande Be A “Lehman Moment”
In hisDaily Market Notes report to investors, while commenting on Evergrande being a “Lehman Moment”, Louis Navellier wrote: Q2 2021 hedge fund letters, conferences and more Fed CredibilityGoing into this week’s FOMC meeting, the cooling of these inflation numbers gives the Fed credibility regarding its “transitory inflation” prediction. Overall, the August CPI was a very pleasant surprise! The Labor Department also announced that import prices declined 0.3% in August, evidence that inflation may be “transitory,” as the Fed has implied. Export prices rose 0.4% in August, but that was the small...