Evergrande: The Beginning of China’s Economic Collapse?
Re: Evergrande: The Beginning of China’s Economic Collapse?
The story of Icarus (China) and the Sun (USA) it seems; anyone recall those predictions of the Chinese economy overtaking the US in 10-20 years?
What I can't quite figure out just yet, is:
- Whether the Chinese have shot themselves in the foot when so close; capitalism/de-regulation - Alibaba - Jack Ma's big boots ... shit, better regulate that again
Or
- they have been the victims of a most unfortunate set of economic circumstances brought about by a virus outbreak in one of their science labs, cough Fauci CIA, how unfortunate!
That's set the BKK lion amongst you conspiracy theorist pigeons!!!
What I can't quite figure out just yet, is:
- Whether the Chinese have shot themselves in the foot when so close; capitalism/de-regulation - Alibaba - Jack Ma's big boots ... shit, better regulate that again
Or
- they have been the victims of a most unfortunate set of economic circumstances brought about by a virus outbreak in one of their science labs, cough Fauci CIA, how unfortunate!
That's set the BKK lion amongst you conspiracy theorist pigeons!!!
Meum est propositum in taberna mori,
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
Re: Evergrande: The Beginning of China’s Economic Collapse?
Mistah Winnie, he doan hold with that free market sheeit
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Re: Evergrande: The Beginning of China’s Economic Collapse?
Of course this will be "managed" as it would be in the West.
Maybe not as many billions of public funds to prop up Chinese Wall Street than we did - back in the good ol' GFC days not so long ago.
And more bankers will get shot . that's usually good. (joke joyce) - to have some accountability.
"Moral hazard" and all that free market stuff we don't do very well.
I'm not cheering them on - just trying to put some perspective on things.
I don't believe for a minute that China's economy is in peril. That attitude is one of the most dangerous things i can think of at this time.
breaking...
China reckons it's going to put the screws on USA in retaliation for the Winter Olympic boycott.
I think you found their nuts. They're squealing like a stuck pig.
We know the sound quite well down here
"Oh that's just China, we must have landed one in their balls again"
Maybe not as many billions of public funds to prop up Chinese Wall Street than we did - back in the good ol' GFC days not so long ago.
And more bankers will get shot . that's usually good. (joke joyce) - to have some accountability.
"Moral hazard" and all that free market stuff we don't do very well.
I'm not cheering them on - just trying to put some perspective on things.
I don't believe for a minute that China's economy is in peril. That attitude is one of the most dangerous things i can think of at this time.
breaking...
China reckons it's going to put the screws on USA in retaliation for the Winter Olympic boycott.
I think you found their nuts. They're squealing like a stuck pig.
We know the sound quite well down here
"Oh that's just China, we must have landed one in their balls again"
Re: Evergrande: The Beginning of China’s Economic Collapse?
It's not a boycott, 'team USA' can still compete. It's a boycott by government officials only.SternAAlbifrons wrote: ↑Tue Dec 07, 2021 5:52 pm breaking...
China reckons it's going to put the screws on USA in retaliation for the Winter Olympic boycott.
I think you found their nuts. They're squealing like a stuck pig.
We know the sound quite well down here
"Oh that's just China, we must have landed one in their balls again"
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Re: Evergrande: The Beginning of China’s Economic Collapse?
You mean go bankrupt as per Enron and Lehman Brothers?SternAAlbifrons wrote: ↑Tue Dec 07, 2021 5:52 pm Of course this will be "managed" as it would be in the West.
Maybe not as many billions of public funds to prop up Chinese Wall Street than we did - back in the good ol' GFC days not so long ago.
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Re: Evergrande: The Beginning of China’s Economic Collapse?
It is being described by everybody on the planet as a boycott except you.Kammekor wrote: ↑Tue Dec 07, 2021 7:03 pmIt's not a boycott, 'team USA' can still compete. It's a boycott by government officials only.SternAAlbifrons wrote: ↑Tue Dec 07, 2021 5:52 pm breaking...
China reckons it's going to put the screws on USA in retaliation for the Winter Olympic boycott.
- an official boycott of diplomats.
Since when did the word "boycott" need Team USA?
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Re: Evergrande: The Beginning of China’s Economic Collapse?
Trouble maker. (how's that for turning the table 180 degrees?)clutchcargo wrote: ↑Tue Dec 07, 2021 7:37 pmYou mean go bankrupt as per Enron and Lehman Brothers?SternAAlbifrons wrote: ↑Tue Dec 07, 2021 5:52 pm Of course this will be "managed" as it would be in the West.
Maybe not as many billions of public funds to prop up Chinese Wall Street than we did - back in the good ol' GFC days not so long ago.
No Clutch not those two. (as you well know)
I mean Mr Freddie and his Fanny
JP Morgan Chase (can you beleive it - look them now, multi squillionairres - hey, maybe they didn't really need it and it was just one huge scam after all?)
State Street Corpcorp (who the flock are they, pipsqueaks, they only got 2 bill)
Bank of America Corpcorp
Bank of New York /water Mellon Corpcorp
Citi Group Inc (red ink, obviously)
Morgan again, but Stanly this time.
Bear Sterns (ok, I'll trouser that cheque thank you very much)
Goldman Sax - the infamous jewish jazz musician
lol, Shall i go on? You know i can
A dizzying list of 337 names with a google-eying number after each one.
But dammit, still no bankers got shot.
Re: Evergrande: The Beginning of China’s Economic Collapse?
Yeah, why would a 'winter Olympic boycott' need to include sportsmen and women?SternAAlbifrons wrote: ↑Tue Dec 07, 2021 8:58 pmIt is being described by everybody on the planet as a boycott except you.Kammekor wrote: ↑Tue Dec 07, 2021 7:03 pmIt's not a boycott, 'team USA' can still compete. It's a boycott by government officials only.SternAAlbifrons wrote: ↑Tue Dec 07, 2021 5:52 pm breaking...
China reckons it's going to put the screws on USA in retaliation for the Winter Olympic boycott.
- an official boycott of diplomats.
Since when did the word "boycott" need Team USA?
If Biden calls it a boycott then it's a boycott.
Sorry. Different opinion here.
Re: Evergrande: The Beginning of China’s Economic Collapse?
Credit analytics company Fitch Ratings cut its rating in Evergrande to "restricted default" on Thursday. They pointed to non-payment on dollar bonds.
As a result, Chinese housing developer Evergrande has defaulted on a loan for the first time, according to Bloomberg.
The Financial Times writes that Fitch is the first to declare a default on the loan.
The development marks the beginning of the end for the debt-laden giant, according to Blo – Fitch has sent out a technical death certificate, but Evergrande partially stopped paying its suppliers this summer, so this has been going on for a long time, explains Pål Ringholm, head of analysis at Sparebank 1 Markets.
"The reality of it is that we knew this," he elaborates.
The debt is now worth about 20 percent of what investors once lent, according to Ringholm.
"So this was a complete crisis in advance," he says.
As a result, Chinese housing developer Evergrande has defaulted on a loan for the first time, according to Bloomberg.
The Financial Times writes that Fitch is the first to declare a default on the loan.
The development marks the beginning of the end for the debt-laden giant, according to Blo – Fitch has sent out a technical death certificate, but Evergrande partially stopped paying its suppliers this summer, so this has been going on for a long time, explains Pål Ringholm, head of analysis at Sparebank 1 Markets.
"The reality of it is that we knew this," he elaborates.
The debt is now worth about 20 percent of what investors once lent, according to Ringholm.
"So this was a complete crisis in advance," he says.
Re: Evergrande: The Beginning of China’s Economic Collapse?
Big payment coming due tomorrow iirc
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