#jpmorgan is just made a $3 #billion USD #crash #hedge https://www.zerohedge.com/markets/jpmorg.. That's *significant* - they are #predicting a #global #stock #market #crash ! It's now only a matter of time...
Ouch, #evergrande is continuing to crash and burn on the #chinese #stock #market https://www.zerohedge.com/markets/evergr.. I highly suspect we will see the #shanghai #stock #exchange #ssec crash again today as #investors lose faith in the Chinese #economy ...
Well, #china 's #ccp is likely shitting little tiny pellets right now. Since the 13th of September, their #economy has shrunk by 4.2%. Unless it picks up soon (which is still possible), their options become very limited. They will likely be forced to #decouple their economy to return #market #stability ... But in the long run that's going to be bad.
@barray on Mon Sep 20 17:48:58 UTC 2021 said: &eAnd the #chinese #company #evergrande could have massive implications for the #crypto #market too, with #tether possibly left holding the bag: https://www.msn.com/en-us/money/companie.. The #cryptocurreny market crashing would also have a major impact on #western markets too - remember that many #banks and #diversified their #assets to include #coins ... Add #covid #economic #recovery ... This is looking like a perfect storm.#china is in a lot of trouble over this #evergrande #property #investment https://www.reuters.com/world/china/chin.. There is no good way out of this for the #chinese - no amount of bullshitting will cover $305 billion in #liabilities - a mix between local Chinese investment and #foreign ... Perhaps they will #nationalise , but #investors will get screwed and foreign investors will get cold feet. If they buy the #debt they bleed their #economy anyway!
I *really* think there is actually a #market for these mini #electric #vehicle designs in the #west - but these tend to sell to #mainland #china only: https://gadgettendency.com/a-modern-elec.. Specifically these little #cars would be great for non- #motorway use, i.e. #local #shopping and/or #deliveries - #school #pickups , etc. I think the market is there if somebody is willing to do the #investment !
I think #elonmusk has officially bitten off more than he can chew by declaring he will start working on a #humanoid #robot https://electrek.co/2021/08/19/tesla-bot.. He has *absolutely* no idea how much of a #mammoth undertaking it is - arguably its much harder than #autonomous #driving ... Some people are estimating it will take *at least* 5-10 years to get *anything* working at all - and I think that is right. And as for a #market for this robot...
Wow, #nancypelosi gets *massive* return on her #stocks https://unusualwhales.com/i_am_the_senat.. Sounds like she is as crooked as them come. Must be real easy to #trade when you have advanced information about #market #futures ... And she has the audacity to preach about corruption... What a joke.
Interesting observation by #aardvark that #china has not been able to penetrate the #camera #market https://aardvark.co.nz/daily/2021/0617.s.. I think in general they have really failed to enter the quality/complex market at all. Cameras have exceptional tolerances - something that cannot be easily replicated without quite some work.