Shares of embattled developer China Evergrande Group plunged as much as 25% on Monday after police detained some staff at its wealth management unit, suggesting a new investigation that could add to the property company's woes.
I was just discussing this with someone earlier today. It’s been like ~20 years that Evergrande’s been in business, right? Possibly more, that’s a huge part of someone’s entire career. That means that people could have joined the workforce and worked their way up into upper management purely just working on Evergrande’s contracts.
How long can a state sponsored Ponzi scheme hold up in broad daylight?
Edit: not rhetorical
I was just discussing this with someone earlier today. It’s been like ~20 years that Evergrande’s been in business, right? Possibly more, that’s a huge part of someone’s entire career. That means that people could have joined the workforce and worked their way up into upper management purely just working on Evergrande’s contracts.
How many angels can dance on the head of a pin?
Can God microwave a burrito so hot even he can’t eat it?
These are the Days of our Lives…