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China's Evergrande Problem
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<blockquote data-quote="vantexan" data-source="post: 5005734" data-attributes="member: 24302"><p>They recently started to offer real estate as payment to their creditors. They have bonds due today and Thursday that they're expected to default on. Besides them no one knows exactly how bad off many Chinese companies are. This could be the tip of the iceberg that could lead to a worldwide contagion. The Chinese seem good at that.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5005734, member: 24302"] They recently started to offer real estate as payment to their creditors. They have bonds due today and Thursday that they're expected to default on. Besides them no one knows exactly how bad off many Chinese companies are. This could be the tip of the iceberg that could lead to a worldwide contagion. The Chinese seem good at that. [/QUOTE]
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