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Ben Rickert on Twitter
âEvergrande bonds are collapsing . It's equivelent to China's Lehman Brothers crisis. Lehman Brothers was $60 Billion, Evergrande is $300+ Billion. Their bonds were just lowered by a Chinese rating agency & are no longer able to access the repo market. Beijing won't bail them out. https://mobile.twitter.com/Ben__Rickert/status/1437355869239267331?s=20