Evergrande shares plunge as much as 87% as trading resumes after 17 months

Re:Evergrande shares plunge as much as 87% as trading resume... by itronitron on Monday August 28, 2023 @03:18AM (#37290865)

Worst that can happen? If banks have used peoples' savings to purchase Evergrande debt or anything related then the banks may not get repaid which would result in the banks losing peoples' money leading to people spending less money resulting in a recession or depression.

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Re:Evergrande shares plunge as much as 87% as trading resume... by landemva on Monday August 28, 2023 @03:35AM (#37290991)

Instead of the bad debt defaulting and a recession, what alternative is there? Prop it up a little longer? Default on everything, go to CBDC, and issue everyone monthly CBDC tokens to buy food?

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Re:Evergrande shares plunge as much as 87% as trading resume... by rightbyte on Monday August 28, 2023 @06:09AM (#37291915)

I guess you could forgive the loans people took for houses that were not built and let the bond holders share the hit.

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Re:Evergrande shares plunge as much as 87% as trading resume... by IG_Semmelweiss on Monday August 28, 2023 @06:48AM (#37292179)

I think some of the bondholders are banks. The others are ccp cadre.

That will trigger a run.

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