He's buying bonds, not shares. They're basically at junk status now so they're cheap, he's hoping China will buy them back for a bit more than what they bought them at.
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He's buying bonds, not shares. They're basically at junk status now so they're cheap, he's hoping China will buy them back for a bit more than what they bought them at.
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Just saying that Luckin has no right to exist but it's still around. Same may happen to Evergrande.Originally Posted by suntan
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Oh Evergrande will exist. No fucking way China will let it die. That loses face.
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https://www.federalreserve.gov/monet...reservereq.htm
If China sets their rate to the current US Federal reserve reserve rate, which is 0.00% as of March 26, 2020. All they have to do is print a Trillion dollars. Of course you still have to pay back that Trilly, but at least it will only be a Trilly forevermore.
I'm shocked that people don't realize you can always technically ask a bank for a Milly @ 0.00% interest. The worst they can say is no.
If this continues by next year, I will be asking the bank to pay me 0.5% to borrow a Milly.
Reserve reserve rate being different from the reserve rate, as only the plebs pay the reserve rate.
Last edited by ZenOps; 10-01-2021 at 09:17 AM.
Cocoa $11,000 per tonne.
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Evergrande stocks (3333 / 6666 / 0754) suspended trade today lol...
Originally posted by beyond_ban
Yo Kanye, ima let you finish, but 50 Cent had the best concert cancellation of all time.
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I guess that check for $1.5B bailout last Wed didn't clear quick enough for today's $260M maturity (and the ~$140M ish they came due so far from last week or so).This quote is hidden because you are ignoring this member. Show Quote
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Theres also this:
https://www.globaltimes.cn/page/202110/1235627.shtml
Originally posted by beyond_ban
Yo Kanye, ima let you finish, but 50 Cent had the best concert cancellation of all time.
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The whole reason it's in the shit is because CCP set out a new sets of rules on borrowing.This quote is hidden because you are ignoring this member. Show Quote
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Good Ol' Chinese Real Estate Developers. What Crap Construction. All that money spent on Ghost Towns.
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I will never look down on any man who tries to build a house. I will only look down upon the man that builds a gun.
Arguably, the USA has quite the housing scarcity problem. California born in state vagrants are growing by day, and another 2 million coming through the Mexico side each year.
Abundance or scarcity? That China has empty buildings is a problem that many nations would love to have.
Cocoa $11,000 per tonne.
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2008.2 Beijing Bugaloo
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https://www.bnnbloomberg.ca/evergran...read-1.1693265
Default. Let the chaos begin.
Cocoa $11,000 per tonne.
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I stand by my statementThis quote is hidden because you are ignoring this member. Show Quote
Signed:
Ever-Slow
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Ever-over?
https://www.bnnbloomberg.ca/china-ev...300b-1.2027773
China Evergrande has been ordered to liquidate. The real estate giant owes over US$300B
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