Evergrande Secures Bond Extension | Trouble Ahead?
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Biz Coach, Super Joe Pardo reacts to Evegrande getting a Bond extension on $250 million bond payment.
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Check out: https://finance.yahoo.com/m/04bf2b6c-9481-3b3c-ae3b-70be98bfcbdb/china-evergrande-secures-bond.html?.tsrc=fin-srch
2 Comments
What does that mean to us market?
Kicks the can down the road for now on a small portion of the debt. If they really don’t have the money coming in, and require more money to sell the houses they’ve built. Then it very well may delay the inevitable.
As I talked about in a previous video about comparing this to 2008 crash. It could very easily have an impact on the rest of the world.
I appreciate you watching and commenting Olguy!