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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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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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. ❤️🇺🇸🙏
05:52 PM - Jun 08, 2022
In response Kels Bels 17 to her Publication
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