26-11-2021, 21:49
(26-11-2021, 21:23)Salopbaggie Wrote:(26-11-2021, 21:03)Blue Baggie Wrote:(26-11-2021, 19:07)Dingle-Dingle Wrote: Thought Gouchan`s mob were Palm. Or are they under the same umbrella.
DD
They all have fingers in one another's pies.
But $300 Billion dollar debt mountain is one hell of a problem.
The whole of China and many investors around the globe will be in the deep stuff.
Evergrande have been selling assets off for 20% of their value to try and pay just the interest payments.
But alas bankruptcy has now been applied for.
Watch this space.
The issue is much bigger than this though, if China start to call in loans the USA owe Chinese investors, well in excess of $1 trillion, if they call in al those loans at the same time then the USA will be up there without a paddle as well.
Where`s JP when you need him??
DD
Ubique.