IPFS News Link • Economy - International
Huge Credit Stress Starting in China May Easily Rock the Whole World
• https://mishtalk.com by MishMany people asked me to comment on Evergrande.
First let's start with a WSJ article then a closer look at a pair of excellent Tweet threads by Michael Pettis and Girolamo Pandolfi.
Collapse of Evergrande - Background
The WSJ comments China Evergrande's looming collapse and its ripple effect on the economy will pose a test for the government's campaign to keep housing affordable for the masses.
Please consider How Beijing's Debt Clampdown Shook the Foundation of a Real-Estate Colossus.