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The problem with Evergrande

MIZsanity

Hall of Famer
Gold Member
Nov 17, 2015
11,826
26,116
41


Misreporting the value of what they record on the books. Never report their losses, just report them (unsold property) as inventory. Liabilities far outweigh their assents. Many US banks/lenders and hedge funds going to be left high and dry. Gonna get nasty. Could cause global havoc and force this bubble to burst. Excellent summation.
 
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