Evergrande – From A Lehman Moment To An Isolated Event
In hisDaily Market Notes report to investors, while commenting on Evergrande Property Services Group Ltd (HKG:6666), Louis Navellier wrote: Q2 2021 hedge fund letters, conferences and more Evergrande - An Isolated Event____ After all the damage suffered last Monday about China's defaulting property developer Evergrande, by Friday, the name wasn't even in the news. We went from wondering if we were looking at another "Lehman moment" possibly triggering another global financial crisis to nothing more than an isolated event that is only an internal Chinese issue. China did manage to make the news...