They are also the most successful FIAT society economically perhaps in history at this point.
Meaning, net net, they still progress, i.e short them at your peril, has been the rule.
Is this the moment when the half free market called China fails?
And do we care other than where China intersects with everything else Not China?
Just wondering. Not an answer. Maybe even off topic.
And of course is little evergrande with its very grand headlines a drop in the bucket or a prime mover of bad overleveraging in China?
I certainly don't have a clue on that. But if Evergrande, by infection, reveals, a universe of bad accounting, aka debits, credits, and cash flow the way things used to be in the accounting world when it was normal 30 plus years ago by western standards.. well then, that's something, real and not yet real, cuz its not yet revealed is it.
same on the western side though.. just a difference in headlines and such.
market moving world wide? Or just China moving?
funny no pundits around to chat it up. aka Kyle Bass is non present of late. Where the fuck is he. He long ago stopped being an investment firm with credits.. and more like a talk show host on Silicon Investor.
I digress. |
