winterspeak — Evergrande — redux of what?

Summary:
I don't know much about Evergrande, but given the origin of this blog did want to share some speculation. First, their debt is denominated in dollars, so unlike Russia in 98, default may not be optional (Russia could have printed rubles if it wanted). CCP may have enough US$ to make good on Evergrande obligations, but whether they do so, and what they ask in return, is unclear. When put in the context of China's forex dollar holdings, Evergrande's obligations seem small.…Short and worth a read in full. (winterspeak's blog has been idle for 54 months until now if you are wondering about not seeing him linked to here.)winterspeakEvergrande -- redux of what?See alsoZero HedgeChina Steps In To Ensure Evergrande Funds Used To Complete Housing Project, Not Pay CreditorsTyler Durden

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Stavros Mavroudeas writes Το ψηφοδέλτιο της ΑΝΤΑΡΣΥΑ-Ανατρεπτική Συνεργασία στις ευρωεκλογές

Editor writes Real-world economists take note!

Angry Bear writes Inflation Is Hurting the Fast Food Giants

Mike Norman writes Cleveland Fed for May