Evergrande Officially Defaulted. Put your seatbelts on bois! - The Great Awakening

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Evergrande Officially Defaulted. Put your seatbelts on bois! (media.greatawakening.win) BREAKING NEWS

posted 2 years ago by ShmellyTunaMelt1 2 years ago by ShmellyTunaMelt1 +357 / -1

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– AdAstra_PerAspera 2 points 2 years ago +2 / -0

Modern industries run on extremely tight margins. Have enough go wrong and it all locks up through lack of liquidity/credit lines. EG is the 2nd biggest company in CNs biggest industry, and are the 2nd most important country economically. Because things are already way overleveraged and debt ridden its bound to heavily effect most markets.

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– GoGoOptomistic 1 point 2 years ago +1 / -0

Very good explanation.

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