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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (178714)9/21/2021 7:22:57 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 217548
 
TJ do you grasp the severity of the event?

When I posted you blamed me believing the Indian TV

I am doubtful that Evergrande is the end of the story - it should uncover a much wider network of dishonest business owners.

Evergrande did not evolve alone to amass according to your post $6.2 trillion in debt.

Do you get a handle what this means?



To: TobagoJack who wrote (178714)9/21/2021 2:09:50 PM
From: sense2 Recommendations

Recommended By
maceng2
Pogeu Mahone

  Read Replies (1) | Respond to of 217548
 
"used billions of dollars raised by selling wealth management products to retail investors to plug funding gaps and even to pay back other wealth management investors"...

Which, at $41 billion, should make it a solid #2 on an update of this list... for now....

Visualized: The Biggest Ponzi Schemes in Modern History



To: TobagoJack who wrote (178714)9/22/2021 1:36:14 AM
From: Haim R. Branisteanu  Respond to of 217548
 
Analysis: Investors grappling with Evergrande fallout weigh risk of wider pain
By David Randall and Maiya Keidan, Svea Herbst-Bayliss

reuters.com

NEW YORK, Sept 20 (Reuters) - Investors unnerved by the fallout from heavily indebted Chinese real estate company Evergrande (3333.HK) were gauging the potential for a wider shakeout after a selloff hit stocks around the world. read m ore

For now, many U.S.-based investors believe there is little chance that the woes of Evergande, China’s second-largest property developer, could morph into a systemic crisis reminiscent of the 2008 collapse of Lehman Brothers. read more