11mo ago

What the collapse of a company owing $300 billion means for the world

www.businessinsider.com What the collapse of a company owing $300 billion means for the world

Evergrande, China's biggest real-estate developer, is being liquidated. It has assets worth about $245 billion, but owes about $300 billion.

A Hong Kong court ordered the liquidation of China Evergrande, the world's most indebted property developer.

Evergrande has assets of about $245 billion, but owes about $300 billion.

Its demise is a "controlled collapse," but still raises systemic risk and will hurt investors, says an analyst.

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77 comments

Oh boohoo, did someone who enthusiasticly supports capitalism play and loose? Good, welcome to the extreme shittiness of a global free market.
- You know, sometimes it's really obvious when a person is a broke ass jealous loser.
  
  Imagine being this stupid and thinking "I'm not stupid".
  
  God you people are sadly obvious
  
  That's pretty funny coming from the guy whose comment history is primarily room temperature IQ hot takes and telling people exasperated by your dimness to fuck off. It's sadly common to encounter stupid, angry people online, but your dedication to the art puts you at least five short buses ahead of your peers.
  
  Yall ain't even smart enough to get it
  
  Yall
  ROFLMAO, I tell you wut.
  
  Idiot.
  
  Jealous of who?
  
  People with more than 5 bucks
  
  I have more than 5 bucks. I don't see anything wrong with being happy that is hurting the wealthy.
  The idea that this is hurting the little guy more than the wealthy is clickbait nonsense.
  Any sane person has their retirement diversified and uses index funds.
  You sound like a wannabe day trader; a temporarily embarrassed millionaire.
  
  You sound like a whiny removed.
  
  You project all your emotions on to others.
  
  Right, I'm the one chortling with glee at others misfortune. Loser.
  
  Take that comment as an example. You're too stupid to follow the thread, too stupid to realize how stupid you sound, too ignorant to understand the loser is you.
  But points for recognizing there is a loser in this thread. Next step is realizing you are them. Next step is keeping your stupid to yourself rather than removing everyone's doubt.
  
  Now who's projecting?
  
  Oh no! I've been discovered! 😭🥲 Please tell me how I can be cool and feel good about myself making fun of people on the internet?

77 comments