FinTwit's going nuts: https://twitter.com/search?q=Evergrande&src=typed_query
"WHY ARE WE WATCHING FOOTBALL WHEN EVERGRANDE IS IMPLODING"
Good video clip on it: https://twitter.com/Reuters/status/1439811556792049674?s=19
$305 billion AUM. China is staring down their own 2008 Great Recession event. If the commies don't bail this bank out (lol), the Eastern world's economy is FUBAR.
Remember Michael Burry, the neurodivergent guy from The Big Short who made boatloads of cash from predicting the housing CDO bubble? Here's what he's saying
Bad news for the global economy, good for Dramacoin
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I hope they nationalise everything and start Red Scare round II.
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Many such cases
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SAD!
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Remember how twisted the panties of prehistoric Chapos got when we bailed out Lehman Brothers? This time, it's the actual Communist Party of China making that decision. This is gonna get real interesting.
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And the CCP is doing it for Chinese landlords, Maoists BTFO'd
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Swallow subsidies next
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