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   🇺🇲 watson :dealwithit: (watson@freeatlantis.com)'s status on Wednesday, 21-Jun-2023 06:23:41 JST 🇺🇲 watson :dealwithit:

   in reply to

   Post-Evergrande: China's Waterfall of Pain

   China itself is one big Evergrande.
   One big debt crisis.

   For years massively over-levered shadow banks masqueraded as propcos, got drunk on credit, flirted w/ default & called for bailout like a late-night uber.

   Contagion has begun
   👇