@barray on Fri Sep 24 00:34:06 UTC 2021 said: &e
@barray on Fri Sep 24 00:26:55 UTC 2021 said: &e
This #evergrande story just keeps blowing up - apparently the #founders of #evergrande #property apparently also setup #evergrandeauto - a company that has processed #billions of #dollars without ever selling a single #car https://www.zerohedge.com/markets/evergr.. They had done a bunch of #investor rounds as a way of generating #income and #inflating #stocks - very weird.
The #evergrande story just keeps going - apparently they are about the #default on $18 #billion in #foreign #debt https://www.zerohedge.com/markets/evergr.. Apparently they will enter into a 30 day grace period and then shit gets real. Apparently the #chinese #government has been warning #locals to #prepare for #evergrande 's collapse.