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Small money company - while there might be impacts to the economy the scale of these companies is small. Ripple effects contained in China. Once something hap
by boringg 5y ago
Small money company - while there might be impacts to the economy the scale of these companies is small. Ripple effects contained in China. Once something happens to a US company I'll start paying super close attention.
- ganeshkrishnan 5y agoA major chunk of evergrande is owned by black rock and HSBC. The ripple effects will be felt beyond china. This is like saying the virus is only circulating in china. I will pay close attention when it starts in US. I think the mortgage squeeze in china is far worse than the pandemic and they have done a good job of masking it. We will know in few months or years when the shock waves ripples thru here.
- boringg 5y agoTo be fair they've had developer real estate issues over 5 years ago - its a long running problem.
- TearsInTheRain 5y agoA crash in China's housing market would probably be deflationary for the US which would be quite welcome imho.