I am sure these chinese companies will take care of their domestic investors one way or another. The CCP will make sure of it. The international investors - thats a whole different story.
two companies in hot-water
Lot more than two companies. In a fair world where the ratings agencies did their supposed job and wrote down Evergrande as defaulted when it missed two large international payments last year, you would have seen the avalance in motion already.
Oh, this is nothing new at all. They did the same exact shit in 2007 when the toxic mortgage backed securities started defaulting.
And how does economical warfare proceed?
This is controlled demolition. You dont need warfare to burst the biggest bubble in the history of mankind. But you do need a war to be used as an excuse when that happens.
I am sure these chinese companies will take care of their domestic investors one way or another. The CCP will make sure of it. The international investors - thats a whole different story.
Lot more than two companies. In a fair world where the ratings agencies did their supposed job and wrote down Evergrande as defaulted when it missed two large international payments last year, you would have seen the avalance in motion already.
Oh, this is nothing new at all. They did the same exact shit in 2007 when the toxic mortgage backed securities started defaulting.
This is controlled demolition. You dont need warfare to burst the biggest bubble in the history of mankind. But you do need a war to be used as an excuse when that happens.
Perfect! I find myself in total agreement with you!