Global investors suffered a bad moment earlier this week when they belatedly started to worry the financial fiasco engulfing Chinese property developer Evergrande Group might spread beyond the country’s borders. After a one-day drop in the Dow Jones Industrial Average, they got over their unease—but only because most observers view this situation entirely the wrong way.
The question is not whether an exploding debt bomb at a Chinese company will spread financial shrapnel abroad. It won’t. The explosion would detonate within the concrete bunker of China’s closed financial system, which will dampen if not entirely mute any shock waves. The better question is whether similar explosives lie ticking in other developed economies. The answer is that there’s probably some version of Evergrande in most of them.
opinion josephsternberg Shameless servant of Mammon cry
opinion josephsternberg Crypto maybe can help. Doesnt exist Just bitcoin, the BabyUSDToken can help poor families with your dividend system blockchain
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why investors shouldn’t be too quick to shrug off EvergrandeA 'Lehman moment' may not be in the cards, but investors should still be aware of risks surrounding the Evergrande crisis, analysts say. 雷曼兄弟 Léi màn xiōngdì …. There’s another entity $30t in the hole and threatening default. They’re a much bigger problem than Evergrande AYA fintech network platform provides proprietary alpha stock signals and social finance tools for U.S. stocks such as Facebook, Apple, Microsoft, Google, Amazon, Nvidia, and Tesla (FAMGANT).
Source: MarketWatch - 🏆 3. / 97 Read more »
Evergrande's second-biggest shareholder plans to sell entire stakeChinese Estates Holdings , the second-biggest shareholder of embattled developer China Evergrande , said on Thursday it has sold $32 million worth of its Evergrande stake and plans to exit the holding completely.
Source: Reuters - 🏆 2. / 97 Read more »
China asks local officials to prepare for 'possible storm' if Evergrande fails, WSJ saysChinese authorities are preparing for the potential downfall of Evergrande, the Wall Street Journal reported Thursday. China will give them a loan for the loans……. LONDON, Sept 23 (Reuters) – Bank of England Deputy Governor Sam Woods said on Thursday that Britain's banks have no major exposures to Evergrande and he does not expect the troubled Chinese property group to 'go badly wrong'.
Source: CNBC - 🏆 12. / 72 Read more »
Credit markets will withstand Evergrande shocksIs China Evergrande another Lehman Brothers moment? Not at all, according to the $40 trillion global corporate debt market. International credit investors have good reasons to be so nonchalant about the potential ripple effects of problems at the Chinese property behemoth with a $300 billion debt pile.
Source: Breakingviews - 🏆 470. / 51 Read more »
Stock Futures Point to Extended Rally, as Investors Eye Evergrande PaymentU.S. stock futures rose as investors remained upbeat that trouble with property giant China Evergrande can be contained and digested the Federal Reserve’s decision to tee up a reversal of its stimulus measures. We don’t buy bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people on how to earn 0.1 ($4,845) and more daily! No referral No withdrawal fees Interested people only Kindly send us a DM
Source: WSJ - 🏆 98. / 63 Read more »
China Evergrande nears interest payment deadlineChina Evergrande Group will make it a top priority to help retail investors redeem their investment products sold by the indebted property giant, its chairman said, as uncertainty looms over interest payment due for a dollar bond on Thursday.
Source: Reuters - 🏆 2. / 97 Read more »