Another #chinese #property #developer appears to be going under, this time by the name of #sunac https://www.zerohedge.com/markets/we-fac.. This very much looks like the early stage of #contagion ... The #shanghai #stock #exchange crashed again over the #weekend in #reaction - I really suspect this #crypto #ban is to stop people getting their #investments out of the #chinese #economy !
@barray on Wed Sep 22 10:21:11 UTC 2021 said: &eWatch the #shanghai #stockexchange again today, wasn't as good as yesterday but still closed out on a high... It's looking more like they have somehow managed to push back the #evergrande #doomsday event for a while longer. I have no idea which #foreign #investors are still getting tricked into the #chinese #stock #market though... It's very clearly in trouble and everybody knows it.Closely watching the #shanghai #stockexchange - it's really not clear if #china will pull through this or not. They had a small #rebound today, but their #debt #crisis is not getting any better any time soon. There are still *massive* #debt problems that need to be addressed, almost the entire thing is rotten and I suspect they will use the healthy #companies good money to #bailout the shit companies, making a total #economic #collapse even worse. 2023 will be a shit show at this rate...
When a #platform #pursues #ageverification - it usually follows a #stock plummet followed by a #decision - #doubledown or #backoff https://blog.roblox.com/2021/09/introduc.. #roblox will likely have the same very soon. Almost their entire #userbase are #young #gamers - many not above the age of 13. Then there is the issue with this massive company collecting the #personal #information of #underage kids...
Interesting, apparently #stock #traders on #tiktok are following people like #nancypelosi in the #us and #copying what she does: https://text.npr.org/1039313011 They call her "queen of #investing " - but actually it's just #insidertrading ... When she should actually be #criminally #investigated ! Maddening.
Apparently there are a lot of #dollarstores popping up in the #us - and interesting I see the opposite here in #nz with them closing down: https://nextcity.org/daily/entry/dollar-.. Apparently the ones in the US are more like #conveniencestores and #stock what people mostly want at different volumes to confuse people about their value. They are a sign of something, I'm just not yet convinced what.