Is Evergrande a symptom of deeper malaise?

Morning Porridge/Bill Blain/9-21-2021

graphic image of Cold stamped over Trade“The market view on the coming Evergrande ‘event’ is mixed. Some analysts are dismissing it as an internal “China event”, others reckon there may be some systemic risk but one Government can easily address. There is some speculation about “lessons” to be learnt… There are even China supporters who reckon its proof of robust China capitalism – the right to fail is a positive! I’ve got a darker perspective.”

graphic image of a book and reading glasses A Good Weekend ReadUSAGOLD note: Blain goes on to outline some of his deepest concerns on Evergrande at one point saying China’s “illusion of a strong economy is unraveling.” Meanwhile, Wall Street is not at all concerned about a global contagion effect from the Evergrande meltdown, according to this Bloomberg report.

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