Bitcoin, Evergrande And The Deteriorating Situation In China
Evergrande cannot be viewed correctly except in the context of the overarching economic situation in China.Watch This Episode On YouTubeListen To This Episode:BitcoinTVAppleSpotifyGoogleLibsynOvercastRumbleIn this episode of Bitcoin Magazine’s “Fed Watch'' podcast, I discussed the emerging story of the week, Evergrande and the Chinese recession. We first brought up Evergrande on episode 60, back on August 11, and at the same time I made the call that China would enter a recession within three months. Our position on “Fed Watch” has been bearish on China for over a year, and my personal....
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Global investors have their eyes peeled on the Evergrande Group or the Evergrande Real Estate Group, China’s second-largest property developer by sales. Evergrande Group shares nosedived on Monday dropping to 11-year lows and many analysts and economists are concerned about a possible credit contagion. Credit problems with China’s real estate industry have affected global markets a great deal as European and U.S. stocks have slid during Asia’s overnight.
Evergrande Group’s Counterparty Risk and Liquidity Shocks Could Spark a Credit Contagion on a Global....
Greg Foss discusses, Evergrande, China's high-yield market and his valuation model for bitcoin.
As Evergrande collapses, China is close to becoming a high-yield borrower. In this debt spiral, bitcoin is the best hedge for investors.
The world is still focused on the financial downfall of China’s real estate giant Evergrande and according to Chinese authorities have told the private sector to get “ready for the possible storm.” Reports show that even though the People’s Bank of China already provided $18.6 billion in liquidity to ease the brunt, Beijing may not be so willing to bail the company out.
Chinese Authorities Warn of a ‘Possible Storm,’ PBOC Injects $18.6 Billion Into China’s Markets
Financial markets could still be in for an unruly storm if....
In mid-September China’s Evergrande Group, the country’s second-largest property developer by sales, sparked fear in the global economy as the company’s market valuation plummeted to an 11-year low. Global economists have warned that if Evergrande defaults on its debts, it could start a credit contagion similar to the Lehman Brothers bankruptcy in 2007. So far, Evergrande has managed to dodge default on its loans three times in the past month, but Evergrande bondholder Deutsche Marktscreening Agentur (DMSA) seems to be preparing to file for bankruptcy against the real....