Wall Street joins global sell-off as Evergrande crisis intensifies via @FT
https://t.co/Snd1bEpbdW— Stare Decisis (@MsResJudicata) September 20, 2021
Source:
Finanical Times –
https://www.ft.com/content/952923b7-f421-407e-b14a-ad2ff190a134
Marketwatch on why Evergrande is down 13% this morning.
It’s a bloodbath across china today. People I know have no idea what’s happening and are panicking.
If you think Evergrande is having a bad day, take a look at this property developer, Sinic. -87%
Evergrande already having an effect here in Australia. Iron Ore futures drop 6.1%. ASX down 2%. Every $US10 the price of Iron falls, nominal GDP decreases by $6.5 billion. Media saying Chinese real estate investors may liquidate properties in Australia to stay afloat
Note the date. This is why, if you want to be informed or be cool, you should read every thread on #Evergrande / China / Contagion the last few months by @TheLastBearSta1.
Far more content for y'all than I would/could/should. https://t.co/N3R4BqTi2S
— Cassandra (@michaeljburry) September 20, 2021
h/t JustANyanCat