Quantcast
Evergrande out of money. - Beyond.ca - Car Forums
Page 1 of 2 1 2 LastLast
Results 1 to 20 of 34

Thread: Evergrande out of money.

  1. #1
    Join Date
    Jul 2008
    Location
    Pallet Town
    Posts
    809
    Rep Power
    0

    Default Evergrande out of money.



    Immediate cash shortfall of about $84 million interest on $300 Billion? Its an idea to simply offload properties at below market value.
    0.5 gram microsd delivered by 12,000 pound combustion vehicle and driver.

  2. #2
    Join Date
    Sep 2018
    Location
    Edmonton, Alberta
    Posts
    535
    Rep Power
    15

    Default

    Wow you're late to the punch on this one. I was surprised nobody was talking about this days ago in the society, politics forum. China is about to have a financial collapse, which could be bad for us over here when so much of the US hedge funds have money tied up in China. Maybe this will be the trigger for the 50% market crash that seems imminent.

  3. #3
    Join Date
    Jul 2008
    Location
    Pallet Town
    Posts
    809
    Rep Power
    0

    Default

    Thing is, its China. They probably won't have a Lehman moment because they know how to avoid it. All they have to do is exactly the opposite of what the Lehman did.

    China can also simply make anything illegal, even declaring bankruptcy.

    Last edited by ZenOps; 09-20-2021 at 08:04 AM.
    0.5 gram microsd delivered by 12,000 pound combustion vehicle and driver.

  4. #4
    Join Date
    Jan 2004
    Location
    Calgary, Alberta
    My Ride
    Bicycle
    Posts
    9,269
    Rep Power
    49

    Default

    Quote Originally Posted by Misterman View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Wow you're late to the punch on this one. I was surprised nobody was talking about this days ago in the society, politics forum. China is about to have a financial collapse, which could be bad for us over here when so much of the US hedge funds have money tied up in China. Maybe this will be the trigger for the 50% market crash that seems imminent.
    It's been a slow burn if you actually watch the market. It'll hurt China more than outside of China and it seems to be history repeating itself like Japan in the 90s.

    But the problem was that tech crackdown in China stole all the headlines until this rear its ugly head.

    The rumor mill already started in July as execs are selling out. The MSM has already picked it up last week and Youtube algo has been pushing it this week as everyone is latching on:


    But who know how deep this rabbit hole goes. We find out on Wednesday after HK/China is done with mid autumn festival. But PBOC throwing $18B of liquidity into banks before the long weekend seems to points to that they know something.
    Last edited by Xtrema; 09-20-2021 at 09:46 AM.

  5. #5
    Join Date
    Jan 2004
    Location
    Calgary, Alberta
    My Ride
    Bicycle
    Posts
    9,269
    Rep Power
    49

    Default

    Dow/TSX down 2% so far on contagion risk.

  6. #6
    Join Date
    Jul 2008
    Location
    Pallet Town
    Posts
    809
    Rep Power
    0

    Default

    Admittedly I could be wrong, this could be the beginning of the end.
    0.5 gram microsd delivered by 12,000 pound combustion vehicle and driver.

  7. #7
    Join Date
    Apr 2006
    Location
    Cowtown
    My Ride
    10' 4Runner SR5
    Posts
    6,345
    Rep Power
    58

    Default

    The fallout from this is huge
    Ultracrepidarian

  8. #8
    Join Date
    Jan 2008
    Location
    Upstairs
    My Ride
    Natural Gas.
    Posts
    13,332
    Rep Power
    100

    Default

    Ever green
    Ever given
    Ever grande

    Wake up sheeple
    Quote Originally Posted by killramos View Post
    This quote is hidden because you are ignoring this member. Show Quote
    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  9. #9
    Join Date
    Jan 2004
    Location
    Calgary, Alberta
    My Ride
    Bicycle
    Posts
    9,269
    Rep Power
    49

    Default



    My bet, small investor get converted to unfinished properties, gov divi up unfinished projects among surviving developers, pump money in Chinese banks to prop them up, everybody else loses their shirt.

    So offshore bonds is about $20B and those will evaporate.
    Last edited by Xtrema; 09-23-2021 at 09:19 AM.

  10. #10
    Join Date
    Jun 1987
    Location
    SK
    My Ride
    Fit Dugan Signature (2016)
    Posts
    3,375
    Rep Power
    100

    Default

    Quote Originally Posted by msommers View Post
    This quote is hidden because you are ignoring this member. Show Quote
    The fallout from this is huge
    Dumb it down for the glue eating kids in the corner like me.
    Originally posted by SJW
    Once again another useless post by JRSCOOLDUDE.
    Originally posted by snowcat
    Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.
    Originally posted by JRSC00LUDE
    I say stupid shit all the time.
    ^^ Fact Checked

  11. #11
    Join Date
    Sep 2012
    Location
    Calgary, AB
    Posts
    1,636
    Rep Power
    85

    Default

    Stock markets back up, crisis averted.

  12. #12
    Join Date
    Jan 2004
    Location
    Calgary, Alberta
    My Ride
    Bicycle
    Posts
    9,269
    Rep Power
    49

    Default

    Quote Originally Posted by JRSC00LUDE View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Dumb it down for the glue eating kids in the corner like me.
    $20B out of $305B of debt is offshore. Impact to us is limited.

    About $150B is owe to suppliers and workers and the rest are Chinese banks and investors.

    Rumored plan is:
    - Small investors (the ones forced to invest in ponzi scheme to keep job) may get it back or get converted to properties or discounted properties.
    - Home buyers who put down downpayment should get their home eventually when defunct projects and debt get distributed to other developers (some state owned) to finish.
    - Chinese banks with Evergrande debt will get bailed out by PBOC
    - Everybody else get nothing (large investors, off shore bonds/investors). It's like Lehman.
    Last edited by Xtrema; 09-23-2021 at 12:13 PM.

  13. #13
    Join Date
    Sep 2012
    Location
    Calgary, AB
    Posts
    1,636
    Rep Power
    85

    Default

    Complainers get a free organ removal.

  14. #14
    Join Date
    Oct 2009
    Location
    Calgary
    My Ride
    rally pig
    Posts
    2,465
    Rep Power
    22

    Default

    definitely interesting to see how the Chinese government is handling this.

    to me all I had to do was

  15. #15
    Join Date
    Jan 2004
    Location
    Calgary, Alberta
    My Ride
    Bicycle
    Posts
    9,269
    Rep Power
    49

    Default

    Quote Originally Posted by suntan View Post
    This quote is hidden because you are ignoring this member. Show Quote
    complainers get a free vocational training.
    ftfy

  16. #16
    Join Date
    Jan 2004
    Location
    Calgary, Alberta
    My Ride
    Bicycle
    Posts
    9,269
    Rep Power
    49

    Default

    Buy the dip

  17. #17
    Join Date
    Jan 2008
    Location
    Upstairs
    My Ride
    Natural Gas.
    Posts
    13,332
    Rep Power
    100

    Default

    Quote Originally Posted by Xtrema View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Buy the dip
    Name:  st,small,507x507-pad,600x600,f8f8f8.jpg
Views: 540
Size:  20.7 KB
    Quote Originally Posted by killramos View Post
    This quote is hidden because you are ignoring this member. Show Quote
    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  18. #18
    Join Date
    Jan 2004
    Location
    Calgary, Alberta
    My Ride
    Bicycle
    Posts
    9,269
    Rep Power
    49

    Default


  19. #19
    Join Date
    Sep 2012
    Location
    Calgary, AB
    Posts
    1,636
    Rep Power
    85

    Default

    Quote Originally Posted by Xtrema View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Buy the dip
    Richards is wrong.

    Home buyers might get a house. Trades will not get paid. Offshore bondholders are not going to get anything.

    Anyhow, not even sure the average pleb investor would even have access to those bonds.

    Edit: one evergrande bond available on TD. But it expires in less than a year.
    Last edited by suntan; 09-29-2021 at 10:56 AM.

  20. #20
    Join Date
    Jan 2004
    Location
    Calgary, Alberta
    My Ride
    Bicycle
    Posts
    9,269
    Rep Power
    49

    Default

    Quote Originally Posted by suntan View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Richards is wrong.

    Home buyers might get a house. Trades will not get paid. Offshore bondholders are not going to get anything.

    Anyhow, not even sure the average pleb investor would even have access to those bonds.

    Edit: one evergrande bond available on TD. But it expires in less than a year.
    My gut feel this is a PR move as he never said how much he bought. The play is to get on CCP's good books to cash in favors later.

    Or people are betting this will be another Luckin Coffee, up 700% since it was exposed as a fraud and lost 95% of its value.
    Last edited by Xtrema; 09-29-2021 at 11:11 AM.

Page 1 of 2 1 2 LastLast

Similar Threads

  1. City Council approves blowing money on study, instead of using money to clear roads

    By Tik-Tok in forum Society / Law / Current Events / Politics
    Replies: 29
    Latest Threads: 12-16-2009, 09:02 AM
  2. Taking out money from paypal account

    By mdeleon in forum General
    Replies: 3
    Latest Threads: 10-13-2005, 11:42 PM
  3. Replies: 13
    Latest Threads: 10-03-2005, 05:26 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •