Is it just me or is the market over reacting to this. Sure 200billion is a lot of money but in the grand scheme of things it's really a drop in the bucket.
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Is it just me or is the market over reacting to this. Sure 200billion is a lot of money but in the grand scheme of things it's really a drop in the bucket.
The fear is the contagion. Where does it all end? Who has exposure?
Look at Lehman. $600 billion and that crashed everything for a few years.
So the $300 billion in debt is not the end of the world but the entire Chinese real estate market taking is. We have no idea what other developers and banks are going to be in trouble too.
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