News for hackers. Stuff that matters.

A comment on Evergrande shares plunge as much as 87% as trading resumes after 17 months. Parent comment

Re:Evergrande shares plunge as much as 87% as trading resume... by throwawaymaths on Monday August 28, 2023 @06:06AM (#37291895)
Aside from 2) Is it not basically the same as the US mortgage crisis, except a bigger magnitude? That it could get worse shouldn't be surprising since China doesn't exactly promote liquidity of information.
[ Parent | on HN ]
Re:Evergrande shares plunge as much as 87% as trading resume... by rcme on Monday August 28, 2023 @06:09AM (#37291923)
The U.S. mortgage crisis was really more of a rating issue than anything else. Risky assets were rated as having extremely little risk.
[ Parent | on HN ]