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Day: September 22, 2021

September 22nd – Spooked

By Adam DeermountIn Basis PointsPosted September 22, 2021

What I'm Reading Spooked: With $300 billion in outstanding debt, troubled mega-developer Evergrande has been dubbed the "Chinese Lehman."  After expanding for years, the company has been scrambling to pay suppliers, and warned investors twice in as many weeks that it could default on its debts.  If this were to occur,...

Tags: Contagion, Distress, Evergrande, Housing, Inflation, Office, WTF
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