Musk is sometimes Crazy. Who wants to rebuild Gaza?
“In his conversation with Israeli Prime Minister Benjamin Netanyahu, Elon Musk said that he would want to play a part in Gaza’s recovery once the war is over.”
Peak China
“China Investors Face Tens of Billions in Losses Over Zhongzhi”
“As China’s embattled shadow banking giant Zhongzhi Enterprise Group Co. faces a criminal probe, lawyers and analysts are assessing the damage to investors. One estimate puts that at about $56 billion.
More than three quarters of investor cash would be lost, with just 100 billion yuan ($14 billion) being recovered from debt of as much as 460 billion yuan, according to one scenario outlined by Ying Yue, a lawyer at Leaqual Law Firm in Shanghai. He expects a slow and drawn out court process, based on the experience of other cases.
Sun Jianbo, founder of Beijing-based asset manager China Vision Capital, said soured assets are typically sold with a 70% discount. That means investors may recoup about 13% of their money, based on Bloomberg calculations.”
If he does he better keep a sharp eye out on the “water pipe “ and concrete stocks