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Evergrande has defaulted on its debt
submitted 2 years ago by TheJamesRocket from self.WorldNews
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[–]StillLessons 5 insightful - 3 fun5 insightful - 2 fun6 insightful - 2 fun6 insightful - 3 fun - 2 years ago (2 children)
When they are unable to do this even with the printers running full speed, it's scary to think of what the situation looks like if you didn't have all the printed money paying off debts. A quarter of large corporations don't have assets other than the printing press to pay their debts? A third? If we start a pool, we may yet get to see the answer some time soon.
[–]naples 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 2 years ago (0 children)
I might be picking up some Put options next week, LOL
[–]Canbot 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 2 years ago (0 children)
There will always be drama, both as a distraction and as a manufactured excuse for whatever policy they want to implement next.
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[–]StillLessons 5 insightful - 3 fun5 insightful - 2 fun6 insightful - 2 fun6 insightful - 3 fun - (2 children)
[–]naples 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - (0 children)
[–]Canbot 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - (0 children)