Evergrande is next Lehman Brothers?
 

What do think about Evergrande situation in China? This could be next Lehman Brothers which will has effect to world economy?

bailout from their government is coming?

Everyone is in debt or, worse unfunded liabilities. There is no way any country can pay it off. That said, everyone is looking for this big crash. The reason is their conception of a crash, like how the 1929 Stockmarket crashed, causing the great depression, is wrong.

People don't see or realize is it's already crashing because they are using the above reference, i.e., the 1929 crash without its historical timeline. Meaning, the market rebounded a year later, but the people never did, and 1933 is when the depression really started.

That said, what we are experiencing is not primarily a financial crash, but something much worse. It has a lot to do with the singularity theory. In short, within a generation, there is a disconnect of totally different realities and or value systems. This is due to technology as now the cancel culture compared to the millennials compared to my (55) generation.

They simply do not want to work as part humility involved or their perception of it. They want it to crash. When it comes to China, it's like a huge Mexican standoff between them, the US, and Europe. Who's going to blink first.

chinese seem to be saying that there is no 'too big to fail' and these guys will be allowed to go under. however, there is another company there posting big losses and just received an injection. Seems that they have a common problem