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China: The Last Emperor Confronts Interesting Times

By: Zimbler0 in 6TH POPE | Recommend this post (0)
Thu, 14 Oct 21 3:19 AM | 43 view(s)
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China: The Last Emperor Confronts Interesting Times

October 13, 2021: In the last few days Evergrande, a major Chinese real estate firm, sitting on over $300 billion of bonds that are as toxic as they come, finally triggered the long-feared financial crisis. After missing its second bond repayment and unlikely to default on the next one, the value of bonds in the “high yield (junk bond)� sector collapsed, with bond prices plunging 75 percent in one day. The junk bond segment of the first to fail when a national economy suffers from too much bad (unlikely to be repaid) debt.

http://www.strategypage.com/qnd/china/articles/20211013.aspx
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This article seems to go into gory detail China's possible economic meltdown . . .
(Entire article is at the link.)

Zim.




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