Wall Street 22 september 2025

 

Over breakfast at Manhattan’s Peninsula Hotel 11 years ago this month, the nattily dressed Chinese businessman got straight to the point. He wanted to buy the legendary Waldorf Astoria hotel.

So began the strange saga of what may be the most complicated and likely the most expensive real estate conversion ever attempted in the U.S. 

Along the way, Wu landed in prison and the Chinese government took over the property. 

Wu, who was married to a granddaughter of former Chinese leader Deng Xiaoping, had founded Anbang Insurance Group in 2004 as a regional auto insurance firm. 

Wall Street Journal 21 September 2025

https://www.wsj.com/real-estate/waldorf-astoria-makeover-china-aa24f5d2

Deng Xiaoping visited Singapore in November 1978

https://englundmacro.blogspot.com/2024/06/deng-xiaoping-ran-china-despite-having.html


Köper Waldorf Astoria för att göra om det till bostadsrätter
https://englundmacro.blogspot.com/2022/05/koper-waldorf-astoria-for-att-gora-om.html


In 2017, Anbang closed the more than 1,400-room property to begin a four-year transformation of the landmark building into a smaller hotel and condominiums.
https://www.wsj.com/real-estate/new-yorks-waldorf-astoria-hotel-finds-a-rocky-path-to-condo-conversion-11651492804


Chinese tycoon gets 18 years in prison for $10 billion fraud
https://www.cnbc.com/2018/05/10/chinese-tycoon-waldorf-astoria-hotel-18-years-prison-10-billion-fraud.html




Nvidia to Invest $100 Billion in OpenAI for Data Centers
https://englundmacro.blogspot.com/2025/09/in-ai-billions-are-so-2022-now-about.html

USA-börserna repade sig efter en initial nedgång. 
Nividia tillhörde vinnarna efter att ha aviserat 
en planerad jätteinvestering i Open AI. 
https://www.di.se/live/wall-street-lyfte-nvidia-och-apple-bland-vinnarna/


Can it get any better than nirvana?

Everywhere you look in markets these days, fear is in retreat. Global equities are at record highs, while credit spreads have tightened to levels last seen in 1998. 

https://englundmacro.blogspot.com/2025/09/black-swan-manager-spitznagel-huge.html


Stockholmsbörsen kring nollan – Saab lyfte
https://www.di.se/live/stockholmsborsen-kring-nollan-saab-lyfte/

To reassert their edge over private credit, banks have gone to extraordinary lengths in recent years 

On the latest deals, they’re driving borrowing costs to the lowest in years, thanks to the creation of what Rudnicki Schlumberger reckons is about 160 new collateralized loan obligation funds.

https://englundmacro.blogspot.com/2025/09/banks-and-private-credit.html

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