Immediate cash shortfall of about $84 million interest on $300 Billion? Its an idea to simply offload properties at below market value.
Immediate cash shortfall of about $84 million interest on $300 Billion? Its an idea to simply offload properties at below market value.
Cocoa $11,000 per tonne.
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.
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.
Cocoa $11,000 per tonne.
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.This quote is hidden because you are ignoring this member. Show Quote
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.
Dow/TSX down 2% so far on contagion risk.
Admittedly I could be wrong, this could be the beginning of the end.
Cocoa $11,000 per tonne.
The fallout from this is huge
Ultracrepidarian
Ever green
Ever given
Ever grande
Wake up sheeple
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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.
Dumb it down for the glue eating kids in the corner like me.This quote is hidden because you are ignoring this member. Show Quote
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.^^ Fact CheckedOriginally posted by JRSC00LUDE
I say stupid shit all the time.
Stock markets back up, crisis averted.
$20B out of $305B of debt is offshore. Impact to us is limited.This quote is hidden because you are ignoring this member. Show Quote
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.
Complainers get a free organ removal.
definitely interesting to see how the Chinese government is handling this.
to me all I had to do was
ftfyThis quote is hidden because you are ignoring this member. Show Quote
Buy the dip
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Richards is wrong.This quote is hidden because you are ignoring this member. Show Quote
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.
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.This quote is hidden because you are ignoring this member. Show Quote
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.