The stock market has been bending for the last week or two. Today it’s breaking.
The headlines are all about Evergrande, the most indebted property developer in the world. It sounds like they’re buckling under the weight of their liabilities and aren’t able to make their lenders whole.
They have $300 billion worth of debt that we know about, and the concerns are that a deleveraging could spill over into …
The headlines are all about Evergrande, the most indebted property developer in the world. It sounds like they’re buckling under the weight of their liabilities and aren’t able to make their lenders whole.
They have $300 billion worth of debt that we know about, and the concerns are that a deleveraging could spill over into …
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