It means there are serious problems, if not a shutdown itself, with Evergrande. It's the second largest property developer in China. If it collapses, the housing market and other fields of business connected to it all will crumble down. This includes banks and contracts and whatnot that Evergrande has money tied to.
In other words, there will be global economical impacts on multiple fronts.
Shadow banks are heavily invested in it. Germany won't admit it, but Germany is knee-deep in China's debt. Germany is China's number one customer. No wonder Merkel is leaving.
Not just that but a huge ripple that might rattle across the world with all that might be connected to Evergrande! I don’t think only China will feel the repercussions!!
If this takes down one or two big banks, the whole system will collapse. They are all connected! Derivatives alone are into the many many trillions at multiples of the US national debt. It’s a powder keg.
You are probably right but it could be any news that can move the price.
The news could be that the government will cover all debts and Evergrande is completely debt free.
I would not bet on that but the point is there is pending news coming. We do not know what the news is.
The 15 unfinished apartment towers that were destroyed the other day was a spectacular video, but realize it was a total lack of money to finish them off.. Commie 5 year plans permeate the "capitalistic" urges of the elite classes, leaving much to fail, like the 3GD, in the all too real world of unintended consequences....
It means there are serious problems, if not a shutdown itself, with Evergrande. It's the second largest property developer in China. If it collapses, the housing market and other fields of business connected to it all will crumble down. This includes banks and contracts and whatnot that Evergrande has money tied to.
In other words, there will be global economical impacts on multiple fronts.
Shadow banks are heavily invested in it. Germany won't admit it, but Germany is knee-deep in China's debt. Germany is China's number one customer. No wonder Merkel is leaving.
Sure it's not the US?
Not just that but a huge ripple that might rattle across the world with all that might be connected to Evergrande! I don’t think only China will feel the repercussions!!
If this takes down one or two big banks, the whole system will collapse. They are all connected! Derivatives alone are into the many many trillions at multiples of the US national debt. It’s a powder keg.
I wonder if they want to tank evergrande to give cover to tank the US markets too. All the videos we seen so far looks so...dare I say it... fake
You are probably right but it could be any news that can move the price. The news could be that the government will cover all debts and Evergrande is completely debt free.
I would not bet on that but the point is there is pending news coming. We do not know what the news is.
The 15 unfinished apartment towers that were destroyed the other day was a spectacular video, but realize it was a total lack of money to finish them off.. Commie 5 year plans permeate the "capitalistic" urges of the elite classes, leaving much to fail, like the 3GD, in the all too real world of unintended consequences....