#ecb appears to be #preparing for mass #eu #energy #company #defaults https://www.zerohedge.com/markets/ecb-sc.. It will be interesting to see what they do after, #bailout them or take them over. Given the #eu 's naturally #expansionist #behaviour , I expect they will look to #control them and therefore make the #nation #states #dependent on the #eu .
#china 's #ccp are trying to use 200 #billion #yuan to #bailout their #property #market and try to get people paying their #mortgage again: https://www.zerohedge.com/markets/china-.. The irony here is that it's not nearly enough, things are far too gone. They don't seem to be even beginning to grasp the true scale of the almighty mess they are currently in.
I'm not sure how often I align my views with those of #thunderfoot , but I think he is fully correct about #elonmusk being a #conman and full of shit: https://youtube.com/watch?v=EojxThnDPng The recent #cashout of #tesla #stock is about generating #liquidity to #bailout #spacex ... They really are in trouble.
Looks like #china 's #ccp will be #forcing #evergrande 's #billionaire #founder to help #bailout his own #company https://www.zerohedge.com/markets/beijin.. Apparently this is more about the #chinese #government sending a message to other people, and a #message that they will not be #bailing out other #property #market #companies ...
Apparently some #energy #companies were #purposefully causing #blackouts in order to receive a #bailout #package https://timcast.com/news/electric-utilit.. Madness.
Currently watching the #adv #podcast on the #evergrande situation: https://www.youtube.com/watch?v=5Pq88p89.. They appear to believe that it's *impossible* for the #chinese #economy to collapse, but I really suspect this is #titanic thinking. An economy is not just valued by their own #valuation - but also externally perceived value. They are predicting a secret #bailout by the #ccp - but we'll see. This only buys time. Their #bond #debt is only increasing.
A note on why #china 's #ccp can't #bailout #evergrande without appearing #weak on their commitment to go hard on internal #debt https://carnegieendowment.org/chinafinan.. #bejing is really in a corner with this one.
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...