Absolutely plausible IMHO. I've read a bit concerning the potential ripple-effects of Evergrande's insolvency (in the last few hours, raining here!). I have no doubt, unless there is miracle play we can't see, this definitely has the potential to cripple the global markets, and do who knows what to currencies. This is going to be some crazy shit to watch. We all knew the markets would crash, the question was the trigger, in my mind. This appears to have that potential. I'm praying I (and my wife) can hold our heads and focus together through this. I have a feeling the specific situation could be the game changing event that propels us into the next escalating chapter in this movie. Take care Fren.
Step in, try to save the companies connected to EverGrande, and risk becoming insolvent too.... Or Worst Case, exposing themselves as being almost insolvent to begin with, and then destroying the Entire Chinese Econ....
Don't step in, let it all crash, Watch how far reaching it becomes, then take the heat and Rioting, and blame for not doing something..... Possibly risking their own lives.... And yet, exposing themselves as being almost insolvent to begin with....
Start a War, any war, with anyone, kick in the War Machine to keep some semblance of Financial Solvency....
Absolutely plausible IMHO. I've read a bit concerning the potential ripple-effects of Evergrande's insolvency (in the last few hours, raining here!). I have no doubt, unless there is miracle play we can't see, this definitely has the potential to cripple the global markets, and do who knows what to currencies. This is going to be some crazy shit to watch. We all knew the markets would crash, the question was the trigger, in my mind. This appears to have that potential. I'm praying I (and my wife) can hold our heads and focus together through this. I have a feeling the specific situation could be the game changing event that propels us into the next escalating chapter in this movie. Take care Fren.
The CCP has three choices at this point...
Take your pick....