Mama Tee donated @MamaT
08 June, 02:31
What does Evergrande default mean?

Heres what it COULD mean:

- lots of evergrande bonds have been used for collateral by banks/hedge funds. Now that collateral is worthless, meaning they will need to come up with more collateral AKA Margin calls 😎

- Liquidity (available cash) will dry up meaning costs/fees to borrow money for hedge funds etc will increase more

All bad news for hedge funds.

The big question is why did they wait until right now to default? Its been defunct a long time. Why right now?

Nexus.

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Vincent Kennedy⍟ donated @VincentKennedy
08 June, 02:31
In response Mama Tee to her Publication

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Cheryl Jaser @Cheryl555
@vincentkennedy . question. shoukd we pull iur miney out of 401k plan and invest it in our home? like pay thr mortage off. or other question. would you recommend moving from a blue state to a red one. im so torn on what to do. 🙏
02:53 PM - Jun 08, 2022
In response Vincent Kennedy⍟ to his Publication
Only people mentioned by Cheryl555 in this post can reply
Kels Bels 17 @Greengrl17
08 June, 04:07
In response Cheryl Jaser to his Publication
Any Blue state will be Red sooner rather than later. If it were me, I'd pull it out of 401k and buy precious metals. Right now, no matter how much you think you have, you have nothing. The US dollar is worthless.

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Kels Bels 17 @Greengrl17
08 June, 04:08
In response Kels Bels 17 to her Publication
Not financial advice. Just saying what I would do!!

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Cheryl Jaser @Cheryl555
08 June, 05:52
In response Kels Bels 17 to her Publication
stoneegrl12. thank you. im not too confident about blue states turning red they got this cheating thing down pretty good. but I agree with you about the dollar being worthless. thank you friend. ❤️🇺🇸🙏

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Mama Tee donated @MamaT
08 June, 03:11
In response Cheryl Jaser to his Publication
Those are considered MAJOR life event decisions that only a sound financial advisor can give. I would start there. You're better off doing that for safety and security sake.

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Cheryl Jaser @Cheryl555
08 June, 03:22
In response Mama Tee to her Publication
@mamat only problem with an advisor is they have their best intrest at heart not the client

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