MSM is now calling Evergrande a “contagion threat” that’s affecting global stock markets

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Finanical Times –

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%

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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

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h/t JustANyanCat


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