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This will be interesting to watch
Bendintheriver
Member Posts: 6,188 
in Tug Tavern
Imagine being a CEO and knowing your company can no longer make interest payments and your liabilities are $300 billion.
Imagine being a country that invented and then let escape the coronavirus.
Now imagine one of your largest real estate development corporations is defaulting on its loans and your other top similar corporations are teetering on the edge of insolvency and this could trigger a world wide recession equaling trillions in world wide losses.
What a great two years for China huh? Yet that fucking idiot biden is still kissing their asses and he and his son are making millions is graft from the country.
https://www.cnn.com/2021/12/09/investing/evergrande-default-fitch-intl-hnk/index.html
Evergrande, the embattled Chinese property developer, has defaulted on its debt, according to Fitch Ratings.
Imagine being a country that invented and then let escape the coronavirus.
Now imagine one of your largest real estate development corporations is defaulting on its loans and your other top similar corporations are teetering on the edge of insolvency and this could trigger a world wide recession equaling trillions in world wide losses.
What a great two years for China huh? Yet that fucking idiot biden is still kissing their asses and he and his son are making millions is graft from the country.
https://www.cnn.com/2021/12/09/investing/evergrande-default-fitch-intl-hnk/index.html
Evergrande, the embattled Chinese property developer, has defaulted on its debt, according to Fitch Ratings.
Comments
There's probably some related reason the Fed is pumping out money like candy to all this but only @UW_Doog_Bot can explain. Have to assume the global corporatists don't want their earnings smashed.