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.
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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08 June, 02:31
In response Mama Tee to her Publication
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Cheryl Jaser
@Cheryl555
08 June, 02:53
In response Vincent Kennedy⍟ to his Publication
@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. 🙏
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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.
03:11 PM - Jun 08, 2022
In response Cheryl Jaser to his Publication
Only people mentioned by MamaT in this post can reply
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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In response Cheryl Jaser to his Publication
Dan Celia Financial on the internet. He is a Christian based financial advisor. A very good one. Dan passed away in April 2022. His legacy of sound financial advice continues. At the site are loads of help. He is greatly missed.
https://financialissues.or...
https://financialissues.or...
Financial Issues
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