Email of the day on China Evergrande's impending bankruptcy.
Comment of the Day

September 08 2021

Commentary by Eoin Treacy

Email of the day on China Evergrande's impending bankruptcy.

Hello Eoin, I really like your audios and try to listen to them almost every day and I find today's audio especially interesting because of your focus on Evergrande...and this is something I don't understand: how is it possible that a company of this size, being on the brink of bankruptcy, with a huge amount of USD debt (of which one can be sure it's on the books of big international players), keeps out of sight of the financial press...I can find almost nothing on this topic..and secondly: what do you think of the idea that the sudden drop of crypto was generated by the fact that Tether has usd evergrande bonds on its books...this seems to me a logical catalyst for this flash crash...

thank and keep up the good work...

Eoin Treacy's view

Thank you for your kind words and this email which I believe will be of interest to the Collective. The reality is most journalists pay scant regard to the credit markets. On top of that writing negative, or cautionary, copy about China is dangerous for one’s career and particularly so if you happen to live in Hong Kong.    

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