Jim’s Rant For The Day. China In Bat Shit Crazy Mode.
I’m on the way out the door so this will be quick.
I just posted below that China is ordering the owner of Evergrande Inc. to pay all corporate debts.
This is shear panic when a country just ends the independence of a corporation and tears down the veil of financial protection to its owners. This destroys all corporations headquartered in China or chartered elsewhere and doing business inside China.
Talk about shooting yourself in the foot . . .