Evergrande update; Trouble with Country Garden Holdings; Banking system is collapsing, too!!
At this writing, Evergrande has failed to meet the self-imposed date for a restructuring of its $300 Billion debt. Evergrande is the most indebted company in the world!! Which is about 4x the amount of debt held by Bear-Sterns during the sub-prime meltdown of 2008. Evergrande restructuring is a fantasy. It is totally impossible for …