Description
⋅ China's 2nd largest real estate developer just defaulted. Debt crossed 600B USD
Note: Lehman was liquidated for 600B, also owned by many international banks
Trade: long USD demand for dollars and CCP may devalue its currency to bail out Evergrande.
Comment
⋅ Previous order did not trigger. Waiting for the small correction to tire out
Trade active
⋅ Trade closed: stop reached
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