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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Shitty Bank will just wipe the phanton debt away behind closed doors. 🙄
09:54 AM - Jun 09, 2022
In response Mama Tee to her Publication
Only people mentioned by DanUSCG in this post can reply
09 June, 10:05
In response Dan Auito to his Publication
Agree..and MOST ALL CCards that i know of are POS....SYNCHRONY is another version of Shitty Bank!
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