This could be the start of something big, that we were talking about a few months ago regarding the #chinese #property #market https://www.zerohedge.com/markets/beijin.. It looks like they are getting more #economic #slowdown - despite #china 's #ccp pushing for "common prosperity" - whatever that is supposed to mean.
@barray on Thu Nov 11 03:24:53 UTC 2021 said: &eThe #chinese #property #market giant #evergrande is *far* from out of the woods, on the hook for another $148 #million #dollars https://www.reuters.com/business/investo.. #china 's #ccp has so far only been just about able to pay off the #interest on the #debt so far... It really is not clear how they will deal with this. #contagion can very much be just on the horizon.The #chinese #property #market giant #evergrande is burning the remainder of its #liquid #assets just to pay off the #interest on their #debt https://www.zerohedge.com/markets/evergr.. I suspect that #china 's #ccp have them a tap on the shoulder to buy more #time whilst they try to address this mess. There is no way out of it. *Watch this space.*
@barray on Thu Nov 11 03:24:53 UTC 2021 said: &eAnd really believe that this #chinese #property #market #contagion is setting in: https://www.zerohedge.com/markets/china-.. #china 's #ccp will have a hell of a time controlling this. Many people are #predicting that they may #reflect #criticism of their #economy outwardly towards #taiwan and the #us ...The #chinese #property #market giant #evergrande is burning the remainder of its #liquid #assets just to pay off the #interest on their #debt https://www.zerohedge.com/markets/evergr.. I suspect that #china 's #ccp have them a tap on the shoulder to buy more #time whilst they try to address this mess. There is no way out of it. *Watch this space.*
The #chinese #property #market giant #evergrande is burning the remainder of its #liquid #assets just to pay off the #interest on their #debt https://www.zerohedge.com/markets/evergr.. I suspect that #china 's #ccp have them a tap on the shoulder to buy more #time whilst they try to address this mess. There is no way out of it. *Watch this space.*
Okay... The #chipshortage may have had an unexpected #consequence of majorly #inflating the #usedcar #market https://www.axios.com/used-car-market-pr.. It's apparently to the point where a #secondhand #car can be as #expensive as a new one!
Hmm, it looks like #china 's #junk #bonds might be about to hit rock bottom, especially after multiple #property #market #defaults and #contagion sets it: https://www.zerohedge.com/markets/china-.. Apparently #chinese #properties are down 32% in #value - making up some third of China's #economy ... Not looking good at all.
Interesting #discussion regarding why the #chinese #yuan is holding its #value for now: https://www.zerohedge.com/markets/shows-.. #china 's #ccp 's control of the #property #market is yet to be seen - it is inherently unstable.
Oh dear, the #chinese #property #market might be about to #crash https://www.zerohedge.com/markets/china-.. #sales reportedly dropped by 63%.
Oh dear, new #chinese #property #market #bonds are #crashing - this time #fantasia and #modernland https://www.zerohedge.com/markets/its-di.. As #zerohedge points out, it looks like #contagion ... At this point I don't think #bejing can even #bailout these #debt ridden #companies ... They are really stuck between a rock and a hard place.
Ouch, so it appears that #china 's #property #market is set to #collapse - which given it represents 1/3 of the entirety of #china 's #gdp (probably more given how #assets are tied into one another), it could see a #economic #crash of #biblical proportions: https://www.zerohedge.com/markets/catast.. Keep an eye on the #shanghai #stock #exchange with me over the next few weeks...
The #us #economy is #failing - the #job #market is not #growing back even close to what is expected: https://timcast.com/news/september-jobs-.. #biden is completely #delusional regarding #covid #vaccine #mandates ...
The story of #evergrande and the #chinese #stock #market is not quite over just yet, it appears that there is still a *very* real possibility of #contagion https://www.zerohedge.com/markets/defaul.. This time it's #property #developer #fantasia - this time with #liabilities of close to $13 #billion on the books.
Blah blah blah, more #crypto people lose their #money https://www.pcgamer.com/hackers-drain-cr.. Imagine my surprise when this completely #unregulated #market acts #shady ...
Looks like #china is not the only #realestate sitting in a #property #market #bubble - just checkout what is going on in the #us https://www.zerohedge.com/markets/burned.. $400k for a #burned out #house that will likely need to be torn down... There is no way on this planet that it's still structurally sound and the #land is not worth that much. It's entirely the sign of a massive #bubble existing - looking forward to the next #economic #collapse !
Looks like #robinhood #shares are dropping as #predicted by #jpmorgan - makes sense: https://www.zerohedge.com/markets/jp-mor.. I really suspect this will be part of a much larger #market #collapse ...
Great #youtube #video by #advchina on the #evergrande situation and the crappy #chinese #housing #market https://www.youtube.com/watch?v=lKbLB_T-.. The #ccp will collapse at some point, this is simply #unsustainable !