Might want to get out of financial markets

Crossville TN

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BlackRock Could See Short End of the Stick in Potential Divvy Up of China's "Evergrande" Assets BY ALEX J. ROUHANDEH ON 9/23/21 While the victims expected to suffer most from an Evergrande collapse are likely the Chinese firms who benefit from its construction and the businesses it has invested in, a number of Western companies, including America's investment giant BlackRock, stand to lose from the situation as well. Between January and August 2021, BlackRock acquired 31.3 million notes of Evergrande's debt, Reuters reported. This jump in its stake in the firm, pushes Evergrande's assets to a total of one percent of BlackRock's $1.7 billion Asian High Yield Bond Fund. BlackRock is not the only Western firm invested in the company. Britain's HSBC Holdings increased its stake in the failing giant by 40 percent through July, Reuters noted. Switzerland's UBS Group boosted its position by 25 percent through May. When it comes time for Beijing to restructure Evergrande's assets, Stephanie Segal, an expert on Asian economics with the Center for Strategic and International Studies, said Chinese institutions could come before the West at the dividing table. Geopolitical implications for the war. China wants Taiwan. And Taiwan makes 90% of the computer chips for the world, including our military jets and missals. Joe is compromised, right Hunter?