#272: Evergrande, sovereign debt, and the convergence of bitcoin + the energy sector with Greg Foss
TFTC: A Bitcoin Podcast
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The Equity of Evergrant Is a Deep Out of the Money Option
Evergrant is a deep out of the money option tat's being punted around by people who are hoping for a headline that says, the c p p's going to come in and rescue the capital contributors. The chinese high yield market is yielding over 14 % right now. But don't forget, there's also 200 million dollars of a of liabilities to chinese consumers. And i think that's where the bigger contagion rests.
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