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I don't hold a single share of public stock nor crypto and have never posted on any investing forums. Evergrande could end up tanking the Chinese real estate m
by m_ke 5y ago
I don't hold a single share of public stock nor crypto and have never posted on any investing forums.
Evergrande could end up tanking the Chinese real estate market and a take bunch of banks down in the process unless the CCP steps in and nationalizes it.
- TameAntelope 5y agoIt could indeed do that highly unlikely and globally catastrophic thing, or it could be mitigated substantially by the amount of time and resources that "bunch of banks" have now that this has been going on for some weeks. Ever since Taleb wrote about "Black Swan events", it feels like people are falling over themselves to identify the next one at every opportunity, and when (through random chance) some group or person gets it right, it's going to be paraded about as some kind of indication of their sage wisdom.