Posted on 10/04/2021 4:42:04 AM PDT by MeneMeneTekelUpharsin
This guy nails the explanation of what is happening with the collapse of the real estate giant Evergrande. This IS going to probably have incredible effect on financial markets around the world. This man is giving a thorough, truthful explanation about what is happeing with the collapse of Evergrande.
This guy believes the contagion is going to spread. Oh man, folks must fasten their financial seat belts.
Yeah, must posted on that thread too.
They never waste a good crisis.
The only solution is to vote democrats out.
How are you going to ever vote the dems out when they cheat so much?
The wheels are coming off China’s economic bus.
Evergrande is a huge problem as many have indicated.
But China is in the midst of a power shortage with huge areas going weeks without electricity due to a shortage of coal.
The global supply chain is breaking horribly and quickly.
This could be a bigger global collapse than 2008-2009 and the people in charge are itching to implement The Great Reset even though they are responsible for the collapse.
Agree. This is just the beginning of the financial calamity. Blackouts. It would not surprise me if China invaded Taiwan to divert attention.
Correct. The DOW futures were up around +340 this morning and now are down -54. THAT is a big swing, so the Evergrande situation is apparently having some effect. It will be interesting today.
Our markets would collapse.
A rival developer, Hopson Development Holdings Ltd. 754 1.65% ,
said Monday that its shares were halted pending an announcement
about a transaction involving a Hong Kong-listed target company,
which it didn’t name.
It comes amid reports that Hopson Development Holdings is
planning to buy around 51% of Evergrande’s property-services
unit for more than HK$40 billion ($5 billion). Shares of
Evergrande Property Services Group (6666.Hong Kong) and
Hopson (754.Hong Kong) were also suspended Monday.
Hopson said in a filing its stock was halted pending the
announcement in which it “agreed to acquire the shares of a
company listed on the stock exchange.”
WSJ yesterday reported a record number of China sorties flying near Taiwan.
Meh. I’ve read two analyses from important China international investors and/or analysts. They actually think by letting Evergrande fail, China has avoided the contagion that hit the US in 2007.
None of them say China doesn’t have problems, esp. toxic real estate debt, but so far, none of them think this is going to be the straw that even comes close to breaking the camel’s back.
Bkmk
Just remember, Trump tried to hold China accountable and the corrupt MSM and all the paid off Democrats and Republicans excoriated him for it.
I dunno. I don’t think the bottom has been plumbed here yet. There may be reason some of these geniuses are trying to tamp this down. But the CCP simply tried to tap the brakes here and things just blew up. I don’t think they planned that and now the fuse may have been lit. We shall see.
That is not the only solution, and in fact, I would argue the vote is no longer a level playing field at all. Those that count the votes have seen to that.
That leaves the only other solutions:
1. Submit to what’s coming
2. Don’t submit to what’s coming
We are in the later stages of Jacques Barzun’s revolutionary cycle. After the revolution there’s a sort of renewal, and then disillusionment, then more revolution. It’s the cycle of the last 500 years of Western Civilization.
This guy states the following:
Major Banks/Banking systems have exposure to Evergrande’s debt:
• Ashmore Corp $433M
• Blackrock. $397M
• USB Group. $207M
• Royal Canadian $118M
He asks if these companies are adequately prepared for this default.
They are junk bonds....have been since June ‘21 downgrade (not like we haven’t known/been warned.)
They lied on their financial statements*
What it boils down to is that US has given China FREE skyscrapers. If US Banks wanted to give away FREE skyscrapers, why not HERE? Or, Brazil?
~~
* This is something PDJT wanted us about China, for years. They aren’t held to same standards, with their reporting, as other companies have to be.
I am reminded of the lyrics in a country song by the group Alabama. (Song of the South)...
“Somebody said the stock market fell but we were so poor, we couldn’t tell...”
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