DEFAULT: Another Domino Falls In China!

  Link to story “Repeat Chinese Defaulter Sunshine 100 Misses Another Payment”: https://www.bloomberg.com/news/articles/2021-12-05/china-developer-sunshine-100-defaults-on-170-million-of-bonds h/t Scrolling_Scroller

So did Evergrande default or not? U.S. media claims it didn’t yet, yet the narrative for the rest of the world is the complete opposite.

by girthygirthmonster Moreover, according to Deutsche Markt Screening Agentur (DMSA), not only did they default, but DMSA is now making preparations for bankruptcy proceedings. An independent German agency named Deutsche Markt Screening Agentur (DMSA) just dropped a bomb on Evergrande today highlighting …

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Evergrande crisis: clock ticking as crucial debt default deadline looms. A default by the property giant could have far-reaching consequences for China and global economy

The rescue of embattled Chinese property company Evergrande appears to have stalled, leaving the developer on the brink of default and threatening to unleash contagion through the country’s giant real estate sector, home prices and the economy. The problems enveloping …

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Evergrande’s offshore default risk…

Evergrande's offshore default risk. This is only Evergrande, there's 100's of others. https://t.co/UdcZra5Yyy — Financelot (@FinanceLancelot) September 22, 2021 Oh dear… https://t.co/Hbgz81XiXl — Godzilla Trader 🦖 (@David_Tracey) September 22, 2021

Evergrande’s collapse has begun. The firm just entered technical default. by itself Evergrande is likely to default on more debt in value than the ENTIRETY of all assets that imploded during the entirety of the US subprime crisis.

  Ouch. The Dow Jones Transportation index is massively diverging from the S&P 500. Just happens to be at the same time as the Chinese economy is having major issues. Overall US stocks look poised to follow to the downside. …

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