Right up there with Invasion, Inflation and Interest Rates..is China’s Evergrande.
China Property developer Evergrande missed its first bond payment on December 9th, 2021. It controls land five times the size of Manhattan and owns more than 1,300 massive real estate projects in 280 cities.
Of course, the Chinese government does not operate under the same restrictions as the US government, so probably not Lehman moment – but this is another ‘risk on’ event.
Some fantastic ‘early-warning’ videos are now being released.
