ResearchThree Things (8/21)

Three Things (8/21)

Aug 21, 2023

"Research is creating new knowledge." - Neil Armstrong


Grand bankruptcy 

China Evergrande Group, the world’s most indebted property developer, filed for chapter 15 bankruptcy in New York. The proceedings will be one of the world’s largest and most complex debt restructurings in recent memory, amounting to over $19 billion. Evergrande noted that its sales were “at a standstill” after September 2021, when the company started to miss debt payments and creditors began to seize the company’s assets. 

The collapse of the Chinese real estate giant is revealing of instability that has been lurking around the edges of the economy since 2021. Difficulties surrounding financing new projects, and refinancing the old, will plague the real estate sector for years to come. We don’t expect Evergrande to be the only company susceptible to this structural insecurity.

Threads on web

Meta Platforms announced plans to launch a web version of their Twitter competitor, Threads, early this week. Users up until now have been able to see posts on the web but their access is limited, as the app has been mostly mobile first. The news can largely be considered an effort to revamp interest while adding a foundational piece to the platform’s engagement ecosystem. 

Despite the early success (150 million+ downloads worldwide), the usage of the app quickly fell off, with many users citing notable missing features. Adding web is certainly a step in the right direction but we wonder if it is going to be enough to bring users back to the app?

Space race to disaster

Russia’s first mission to the moon in nearly 50 years ended in a disaster as its unmanned Luna-25 spacecraft crashed while attempting to land on the unexplored south pole, Russian authorities said Sunday. The probe was launched on August 11th in an effort to beat India's space program to the same location. The moon’s south pole has long been targeted for exploration as a future area of human settlement, as experts believe there is potential for water. 

Although unsuccessful, the recent launches by Russia and India lean into a theme that has been building across public and private sectors: space exploration. The growing interest in space has resulted in over $230 billion in invested capital and we don’t expect this to slow down anytime soon. Contracts from governments are getting larger in scope and the future of the space economy is top of mind for many of the world’s superpowers.

Cash Management

Smart Cash

Smart Cash FAQs

Cash Options

Get Smart Cash

InstagramTwitterYoutubeLinkedIn

© Copyright 2024 Titan Global Capital Management USA LLC. All Rights Reserved.

Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept and agree to Titan’s Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings and other information provided are for illustrative purposes only and are not to be considered investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.

Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.

The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.

Cryptocurrency advisory services are provided by Titan.

Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.

Contact Titan at support@titan.com. 508 LaGuardia Place NY, NY 10012.