Is Evergrande Really China’s Lehman Moment?
Capitalisn't
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The Liabilities of Evergrant Are Different Than the Liability of Leman
I think you made ver r that the liabilities of evergrand are different than the liabilities of leman. The promise on the oser side, and the moment you mentioned at cemy is torkio 19 89 oso. To me, that is a more likely scenerial than being sort of smoking ruins in the banking system. And right now it is very clear that evergrant can't deliver on those promises. This is where confidence comes in. It's small individual to retail speculators and investors who ive put money up to buy their second or third apartment, and suddenly are being told, you know, you might not get it. I'm so worried about transmission into
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