The Evergrande Crisis
Sep 22, 2021•23 min
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
To save you some time, no... the Evergrande crisis in China does not appear to be the same situation as the United States in 2008. But it is a problem for the Chinese economy. Overleveraged Chinese property developer Evergrande finds itself over 300B in debt with a big deadline on Thursday to pay interest on its high yield bonds. It's no secret that they will likely not be able to pay it and could end up in default within 30 days without government intervention. What does this mean for U.S. stocks & your portfolio? We discuss on this episode.
For the best experience, listen in Metacast app for iOS or Android
Open in Metacast