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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 | 17 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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