Editor’s Note: Get ready! Since the largest creditor in the world, the Chinese real estate company Evergrande (over 300 Billion in debt) defaulted on payments on 9/16, expect the US financial scene to be particularly active in the near future.
This needs to happen allowing the new Quantum Financial System to emerge. So…please standby as our world shakes off evil allowing us to BE in…
Quantum Joy!
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A selloff in Chinese property stocks intensified Thursday, punters reportedly fearful of an official campaign to rein in a sector already in turmoil – after it was discovered property giant, China Evergrande Group, is drowning in debt. (WSJ)
The Lippo Select HK & Mainland Property Index dropped 4.9% on Thursday, closing at its lowest level in 4 years and a whopping fall of 23% in 2021. Beijing’s refusal – so far – of offering help to Evergrande apparently exacerbating selloffs.
China Evergrande Group admitted Tuesday it is under “tremendous pressure” and may not be able to meet crippling debt obligations – some 1.5mn people have put deposits on new homes with them, that are yet to be built.
Rose Rambles... 