Evergrande Collapse May Just Be the Tip of the Iceberg…

Sharing is Caring!
  • China’s Evergrande is spooking markets and the global economy faces a range of threats that could derail recovery.
  • Soaring energy prices are disrupting production; in the background the US and China still aren’t getting along.
  • With growth slowing and prices hitting multiyear highs, economists are talking about the dreaded “stagflation.”
See also  PENDING STOCK MARKET DOOM: Ark Investments sees Record Outflows. Evergrande Contagion Spreads. IMF Issues Global Economic Warning

The name Evergrande is becoming as famous in 2021 as the name Lehman Brothers was in 2008. The colossal Chinese real-estate developer is wobbling, threatening markets far outside China’s borders. But as big as a $300 billion debt default is, it could just be the tip of the iceberg.

See also  Reuters: China Evergrande Secures Bond Extension as Chairman Foots Project Bills

The world’s economy is struggling with higher prices, shipping delays, and widespread shortages. The combination of them could lead to even great struggles ahead.

Four major indicators are flashing red alarm signals, and they could well turn into something worse.

www.businessinsider.com/evergrande-global-economy-inflation-china-us-energy-supply-chains-shortages-2021-10

292 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.