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This post was in direct response to: http://dmsa-agentur.de/download/20211110_DMSA_EVG_PM_en.pdf http://dmsa-agentur.de/download/20211110_DMSA_EVG_PM_en.pdf . I

This post was in direct response to: http://dmsa-agentur.de/download/20211110_DMSA_EVG_PM_en.pdf http://dmsa-agentur.de/download/20211110_DMSA_EVG_PM_en.pdf . I just thought the reuters article contained more relevant information.

makerofspoons 5y ago
AP is reporting the default is official: https://apnews.com/press-release/pr-newswire/business-china-evergrande-group-china-36dc3f16fe95c154a768d071345cdb77 https://apnews.com/press-release/pr-newswire/business-china-...
- yorwba 5y ago
  > Press release content from PR Newswire. The AP news staff was not involved in its creation.
stefan_ 5y ago
This PDF is predicting "the final meltdown of the global financial system" in the first paragraph. I don't want to be a negative nancy, but it reads a lot like "all vaccinated people will fall over dead by end of the year" to me.
asplake 5y ago
Edit: that link seems to justify the title but it doesn’t fit the main article. Seriously misleading title though. A default is a well-defined event. “Defaults” implies that it has happened. “Teetering” is something else. Needs fixing.
- ad8e 5y ago
  > Exactly what time the grace period expires on Wednesday is unclear, but the two sources with knowledge of the matter said some bondholders had not been paid by the end of the Asian business day. It's ambiguous, but the title is a fair conclusion.
  - AlexCoventry 5y ago
    Wednesday finished about three hours ago, in China, FWIW.
- deleted 5y ago
  [deleted]
- nwidynski 5y ago
  "Evergrande officially defaulted - DMSA is preparing bankruptcy proceedings against Evergrande Group", see: http://dmsa-agentur.de/download/20211110_DMSA_EVG_PM_en.pdf http://dmsa-agentur.de/download/20211110_DMSA_EVG_PM_en.pdf . Will fix the title though if more people view it as misleading.
- aplummer 5y ago
  It did default though, the title of the Reuters article is playing it too safe. The contents of the first paragraph describe the default.
klipklop 5y ago
>Evergrande, the world's most indebted corporation, could ultimately lead to a "Great Reset", i.e. the final meltdown of the global financial system Bonus points for that PDF using the phrase "great reset."

makerofspoons 5y ago

AP is reporting the default is official: https://apnews.com/press-release/pr-newswire/business-china-evergrande-group-china-36dc3f16fe95c154a768d071345cdb77 https://apnews.com/press-release/pr-newswire/business-china-...

yorwba 5y ago
> Press release content from PR Newswire. The AP news staff was not involved in its creation.

stefan_ 5y ago

This PDF is predicting "the final meltdown of the global financial system" in the first paragraph. I don't want to be a negative nancy, but it reads a lot like "all vaccinated people will fall over dead by end of the year" to me.

asplake 5y ago

Edit: that link seems to justify the title but it doesn’t fit the main article. Seriously misleading title though. A default is a well-defined event. “Defaults” implies that it has happened. “Teetering” is something else. Needs fixing.

ad8e 5y ago
> Exactly what time the grace period expires on Wednesday is unclear, but the two sources with knowledge of the matter said some bondholders had not been paid by the end of the Asian business day. It's ambiguous, but the title is a fair conclusion.
- AlexCoventry 5y ago
  Wednesday finished about three hours ago, in China, FWIW.
deleted 5y ago
[deleted]
nwidynski 5y ago
"Evergrande officially defaulted - DMSA is preparing bankruptcy proceedings against Evergrande Group", see: http://dmsa-agentur.de/download/20211110_DMSA_EVG_PM_en.pdf http://dmsa-agentur.de/download/20211110_DMSA_EVG_PM_en.pdf . Will fix the title though if more people view it as misleading.
aplummer 5y ago
It did default though, the title of the Reuters article is playing it too safe. The contents of the first paragraph describe the default.

klipklop 5y ago

>Evergrande, the world's most indebted corporation, could ultimately lead to a "Great Reset", i.e. the final meltdown of the global financial system Bonus points for that PDF using the phrase "great reset."