Financial Doomsday On The Horizon | China's Evergrande Contagion Spreads | The People's Talk Show

<p>Just days after Evergrande’s bonds hit new all-time lows after <a href="https://youtu.be/azZX1iDvsU4" target="_blank">“<em>China’s Lehman” </em>warned</a><a href="https://www.zerohedge.com/markets/chinas-lehman-moment-approaching-evergrande-warns-default-risk-cash-crunch" rel="nofollow external noopener noreferrer" target="_blank"> </a>that the company with over $300 billion in debt and which many views as systematically important for China, the selloff accelerated further following news of a mini bank run as i) several key creditors demand immediate repayment and ii) as Evergrande bonds are no longer accepted as collateral.</p>