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.
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.