Article Image
IPFS News Link • China

Evergrande Misses Debt Payments Due Monday...

• Zero Hedge

Wall Street analysts have been churning out commentary this week proclaiming that while Evergrande's troubles pose a serious threat to the Chinese economy, it's potential collapse doesn't represent a "Lehman Moment". As Thursday's bond-interest deadline looms, analysts at Mizuho write that "while street wisdom is that Evergrande is not a 'Lehman risk', it is by no stretch of the imagination any meaningful comfort...It could end up being China's proverbial house of cards ... with cross-sector headwinds already felt in materials/commodities."

We touched on this earlier, with analysts at SocGen raising the odds of a "hard landing" - an "extended, severe property-led slowdown" - to 30%.


https://www.wealthbattle.com