3 ms·
Losing 1% of your banks in a few days is not normal. China’s government stepped in and corrected big during the Evergrand thing, but it isn’t a big secret that
by dghlsakjg 2y ago
Losing 1% of your banks in a few days is not normal.
China’s government stepped in and corrected big during the Evergrand thing, but it isn’t a big secret that China is super leveraged into junk real estate. The complete lack of transparency makes it super hard to tell what is rumors, but it wouldn’t be a huge surprise to see a major correction in China.
- mikhael28 2y agoIt is in China. They don’t have an organic drip drip of failure. It’s all closely coordinated - it would be weirder if they have one or two fail, then next week 4, then 5 the week after. It would be a huge surprise to see a major correction.