Not there only, the whole world economy is standing on a cliff ! ... Global Central Banks may be studying precautionary measures ! ... Just a thought !
Debt denominated in the US dollar have to be 100% sacrificed (US hedge funds) . (total minimum 200 billion $ unpaid debt)
An even bigger problem than Evergrande is Huarong and Pingan Insurance which are two ticking time bombs.
Pingan Insurance is way bigger than Evergrande and Huarong combined.
Evergrande US$ bonds are selling at 25 cents on the $ in Hong kong.
Iron ore has collapsed as china consumes 50% of world ore production.
Unlike Iron ore& to a certain degree steel, Copper & Aluminium,Coal are still going up.
Lehman moment is coming soon. Today Macau casino stocks dropped by 30%. .S&P can drop 5% any time during their night time in thin trading.
PPT (Plunge Protection Team) is keeping the lid on the US apacolaypse by bidding ES at the right support levels)