The Evergrande Shell Game

EvergrandeJoseph P Farrell – If you’re following the meltdown of the Chinese real estate developer Evergrande, you’ll want to read this story shared by V.T. about how Evergrande’s default on bond interest is a mostly virtual default. The story is by Stan Szymanski, whom we’ve blogged about before in connection to the developing Evergrande story. This is his latest musing:

Chinese Real Estate Developer And Crooked Bond Rating Agency Deceive Wall Street/Main Street In An Epic Shell Game Continue reading “The Evergrande Shell Game”