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Lawrence - Don't Lose Sight (Acoustic)

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mmmirele9/18/2021 9:07:47 am PDT

re: #205 Dr Lizardo

This little factoid is one I was unaware of regarding the Evergrande fiasco….

It’s noted that it’s unlikely that Beijing would just let it go belly-up, because of the obvious risk of social instability, so other possibilities mentioned are a break-up of the company and an orderly wind-down. An outright bailout is also considered unlikely.

cbc.ca

In any event, it’s quite the mess.

That CBC article has this as a subhed:

Company with $300 billion US debt load poised to miss key interest payment Monday

Three hundred billion?!?! That’s more than the GDP of a lot of countries. If/when Evergrande falls, it’s going to cause a world of hurt.