I think it’s going to be GFC.2. The early signs are all there from the GFC. Sinic, one of China’s largest property developer’s rating got downgraded to CCC by S&P and they are likely to default on their note payment next month.
So if Evergrande can’t pay this month and Sinic can’t next month. That’s a lot of firms and people not getting their money. Those people and firms are less likely to spend so there will be a contraction in activity. That contraction will have a knock on effect.
I think it’s going to be GFC.2. The early signs are all there...
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Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $210.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.8¢ | $6.405M | 65.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1644860 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2435187 | 25 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |