Evergrande debt contagion spreads to global markets
Evergrande Group, one of China’s largest lenders, could be on the verge of a debt default, with the prospect sending tremors throughout markets around the globe. Michael Gayed, publisher of the Lead-Lag Report, offers his forecast on the future of the indebted firm and whether it could be the next Lehman Brothers.
Then, we analyze the debt fallout from Evergrande on the cryptocurrency sector after bitcoin tumbled in trading on Monday. Boom Bust’s Ben Swann analyzes price fluctuations in the fintech industry as bitcoin’s hedge status comes into question.
And UK Prime Minister Boris Johnson is in the United States as the nation’s trade issues persist with Northern Ireland. Hilary Fordwich of the British-American Business Association lends her insight into the situation and a host of other issues facing the United Kingdom.