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Reading Jeff Snider: Evergrande isn't Lehman but (another) Bear Stearns [Ep. 103]
The mainstream media is asking if China's property developer imminent demise will be the "Lehman" moment. Unlikely. It's more likely this will be yet another Chinese Bear Stearns. The first? Shanghai Chaori Solar. In 2013. This is no new development catching authorities offguard. A reading, by Emil Kalinowski.
----------WHO----------
Jeff Snider of Alhambra Investments. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Born in the 90's" by Ameryh at Epidemic Sound.
----------WHAT----------
China’s Managed Decline Ain’t Ever To Be Grand(e), It’s (euro)Dollars…
The skinny
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