EverGrande - Officially Defaults

CHINA EVERGRANDE GROUPHKEX

Description

⋅ Dec 10, 2021 2:56 PM

Who knew...

Dollar-denominated Bond Defaults complete.

I made a call to EG and their phones are now
disconnected.

BlackRock and HSBC are now facing rather large
losses.

The Cascade of defaults is spreading.

___________________________________________

Buy the Dip.

Kaiser and Fantasia... they're good to go.

But the Dip.

Comments

Infidel777

⋅ Dec 10, 2021 3:27 PM

EG is just the first domino as you well know. Thanks HK!

HK_L61

⋅ Dec 10, 2021 3:41 PM

@Infidel777, 2 More right behind it.

digicool

⋅ Dec 10, 2021 3:12 PM

I'd doubt anyone expected EG to spring back to life. I recall markets priced the default a few weeks ago in October?

Thanks for the alert.

HK_L61

⋅ Dec 10, 2021 3:20 PM

@digicool, Yes, in September they began Default. It is not the Surprise Factor, anyone with two stem cells connected
would see it arriving.

EG was offering "Properties" to Domestic Bond Buyers in exchange for Debt...

This is systemic and a large portion of Chinese Savings is caught in the largest Real Estate Liquidity Trap in Human History.

No small feat, considering the History of Bubble Blowing.