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sts66

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sts66

Re: rosemountbomber post# 355451

Friday, 09/24/2021 1:25:00 PM

Friday, September 24, 2021 1:25:00 PM

Post# of 430480
The real estate developer Evergrande defaulted on an $83M bond interest payment and they have hundreds of millions more payments due the rest of the year - they have ~$20B in USD bonds issued and have a total debt of a massive $300B - China may let them go BK, and that would lead to a global market meltdown IMO. Their bonds are now trading at 25% to par - ouch - that's as junkie as junk bonds get.

The Thought Police: To censor and protect. Craig Bruce

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