Hey everyone,
Here is the article: https://www.zerohedge.com/markets/chinas-economy-suddenly-disintegrates-land-sales-crater-90
He summed things up nicely at the end: "Bottom line: Beijing is facing an economy whose wheels have suddenly come off, and unless China's political elite is willing to unleash another massive monetary and fiscal tsunami and bail out the economy all over again - something Beijing has repeatedly vowed it won't do this time - a hard landing, whether or not accompanied by a Volcker Moment, is virtually guaranteed."
I'm sure all the pedes here will have much to discuss about this.
All these stocks that are over shorted are the same stocks that the hedge funds and market makers thought were going to go under during the pandemic shutdowns. They got greedy and are now in a place where they cannot get back from. Better Buckle Up!
HODL