A Hong Kong court ordered the liquidation of China Evergrande, the world’s most indebted property developer.
Evergrande has assets of about $245 billion, but owes about $300 billion.
Its demise is a “controlled collapse,” but still raises systemic risk and will hurt investors, says an analyst.
Oh boohoo, did someone who enthusiasticly supports capitalism play and loose? Good, welcome to the extreme shittiness of a global free market.
You know, sometimes it’s really obvious when a person is a broke ass jealous loser.
Oh no! I’ve been discovered! 😭🥲 Please tell me how I can be cool and feel good about myself making fun of people on the internet?