Evergrande Finally Defaults

bloomberg.com

9 points0xedb4 comments

'Finally'

The start of the market crash is under way. No where to run this time; especially the US debt ceiling, inflation fears and Tether's printing and pumping schemes gaining more scrutiny for a possible US crackdown.

Is it time to run? [0]

[0] https://money.cnn.com/data/fear-and-greed/

Stock market up 1% today on both this news and decades-high inflation. Checks out /s but par on the course for unexpected market reaction.

> 'Finally'

Wording suits in my opinion. The default seemed inevitable and was awaited since mid-September. While unfavorable, it finally happened.

Big discussion earlier: https://news.ycombinator.com/item?id=29496346

Reply on news.ycombinator.com