For whom the bell tolls.
There sure have been a ton of layoff threads recently…
Yes, it is the beginning of the 'Ripple Effect' of the collapse of the Chinese real estate market.
Where once Asia and China markets were once considered safe,
since the collapse of China's real estate, especially with the Evergreen collapse,
that prudent investments are going elsewhere into safer markets in Asia and India.
It will affect the world-wide economies through that 'Ripple Effect' which could lead to investment banking concerns.