Evergrande - I'm not a financial expert, but this is going to happen tomorrow
(www.solactive.com)
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In normal times the global financial system might absorb this and move on. But we're not living in normal times, the global system is very fragile. So this could be a monumental domino cascade.
I love it when predictions are tagged with a bold "This will happen tomorrow". Makes it much easier to adjust my schedule for pop corn eating!
Ok, it's supposed to happen tomorrow. Save some popcorn, might be interesting.
It says in the document that the index’s will be set at $0 on 16/6/22. American speak, 6/16/22.
That was my thought as well, the correlation with the FED interest rate hike is a strange coincidence, given that there is no such thing as a coincidence.
200 bps LFG..
Well, lets look......
We've had 2 Major Money Houses drop out, and then the Entire Market went RED, meaning a massive loss of Wealth and Worth, meaning anyone that had "bet against" options in any part of this, made some Money, BUT, if they also had ""Bet For", then they Lost there, so it;s all on how much on either side, and I'll bet that the Money Houses were nearly all in on Bets Against.....
Now comes EvGra plus all of their Connections, and how heavily tied into them financially are both Blackrock and Vanguard......
IF I had to gues, I'd wager that lots of Big Old Money got together and tried to pull a ""TRADING PLACES"" move, intentionally, and if true, then the SEC has to be in on it.....
Got this off another Blog::
Jung — Yesterday at 11:08 AM ""Tomorrow the Fed will sell $45,000,000,000 in assets onto the open market (the MBS or mortgage backed securities you hear about).
Then another 45B in July and August, then it increases to 95B every month starting Sep.
Weird times ahead for sure""
Sounds like the 2008 Housing Bubble was just a Test run.....
World in chaos. Inflation out of control. Another rate hike by the Fed.
S&P 500 up 1.46%. Yeah, the markets aren’t totally fucking rigged.
Suspension Removal | CHINA EVERGRANDE GROUP | 16th June 2022
Any financial pedes here? What kind of impact will this create?
I believe the real impact will happen when one of the western rating agencies downgrade it to actual "bankrupt" status. This will trigger all companies who are exposed to Evergrande to be forced to write off their investments, potentially exposing themselves as bankrupt in turn - with a cascading effect
EvGra still has to cover their Debts, no matter what.....
So yeah, I'm sure they'll probably ho Bankrupt soon.....
Which type of Bankrupt is the question....
And HOW will this Affect their Investors who have been left holding the bag???
What other Corporations are directly Connected to EVGra, that have a Direct Financial or Material Connection??
Commenting to come back for tomorrows post prediction commentary.