Current Events > Evergrande, the 2nd largest real estate developer in China, has defaulted

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Lebronwon
11/10/21 2:02:08 PM
#1:


https://twitter.com/MarketRebels/status/1458489683911094274



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Not 1, not 2, not 3, not 4, not 5, not 6, not 7
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Irony
11/10/21 2:02:28 PM
#2:


Cool

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I am Mogar, God of Irony and The Devourer of Topics.
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Trumpo
11/10/21 2:02:57 PM
#3:


when house bubble pop
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ToadallyAwesome
11/10/21 2:03:44 PM
#4:


O fuck mcfuck.

Thats like mega bad

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AldousIsDead
11/10/21 2:04:34 PM
#5:


This'll end well.

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In simplicity, utility. Through utility, simplicity.
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EmbraceOfDeath
11/10/21 2:04:40 PM
#6:


About time.

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PSN/GT: BigDaffej
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refmon
11/10/21 2:05:01 PM
#7:


who

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s0nicfan
11/10/21 2:05:21 PM
#8:


ToadallyAwesome posted...
O fuck mcfuck.

Thats like mega bad

Not likely, IMO. The vast majority of people Evergrande owed money to were Chinese businesses. So while this might be bad for China, it's also something they can manage using their massive government overreach to mitigate, and it's not likely to have any real impact globally.

China let them default because their "no business should get too large" stance is philosophical so they kind of had to stand by that to save face, but that doesn't mean they can't manage the repercussions after.

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