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Evergrande - A Chinese Lehman Bros moment?


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I am not sure where I should post this- perhaps a moderator will put it in the right box?

Evergrande currently own 2% of Chinese real estate and they are in an uncontrolled death spiral.  As this plays out it will affect all markets including crypto and is too important to ignore.  Eventually events like this will play into the hands of crypto investors , but just now crypto and the stock market are too closely aligned and entwined.

 

 
Edited by Julian_Williams
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Too much is being played up by evergrande. It's debt is concentrated within China. 

Given it is a China mess, the Chinese will not want to lose face and stomach such losses. 

Too many people are trying to connect dots that shouldn't even be connected. It's like people are talking this into existence. 

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53 minutes ago, NMNR said:

Too much is being played up by evergrande. It's debt is concentrated within China. 

Given it is a China mess, the Chinese will not want to lose face and stomach such losses. 

Too many people are trying to connect dots that shouldn't even be connected. It's like people are talking this into existence. 

Yes the Chinese will want to avoid this and they might bail them out, but the instability of Chinese economy has been frightening a lot of people for a long time and this is one to watch?

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