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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

by Tyler Durden By Sofia Horta e Costa, Bloomberg reporter and macro commentator The steepening rout in China Evergrande’s shares have sent them far below the value of its assets, showing how pessimistic investors are about the developer’s ability to generate cash. Evergrande shares trade at just 62% of book value following Monday’s plunge, the lowest-ever valuation in data compiled by Bloomberg going back to its IPO in 2009. The wide deviation from its market value suggests shareholders are pricing in a significant decline in the assets’ earnings power. In terms of dollar amounts, ...

better than the +22.8% expected) but slower than the +25.7% in May. June weaker than the +16.0% expected) and slower than the +17.8% in May. June better than the +12.0% expectation). June worse than the +16.0% expected) and well down from the +18.3% in May. June Surveyed This will likely be a little confusing to traders. Given China's headline data wasn’t terrible, with retail sales even beating estimates, why does the economy needs more central bank support? Bloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that "it may be that’s there’s a problem w...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero