I found a Japanese restaurant in Redwood City, CA that served something called Shabo Shabo! It was fun sitting at the table with a tiny pot of boiling water, cooking and eating. Haven't been able to find it on the East Coast.
Shabu Shabu - love it! But then I love all Japanese food.
When I used to live in US and I thought we had the best Japanese restaurants, but my then girlfriend (now wife) was not impressed at all. Later when I moved to Australia, and tried Japanese hear, I realised why! All Japanese food I had in US were fusion, but real japanese is so much more tastier.
Aug 17 (Reuters) - China Evergrande (3333.HK) is seeking protection from creditors in the United States under Chapter 15 of the U.S. bankruptcy code, court documents showed on Thursday.
Earlier this week, the embattled property developer resolved to delay its meetings for the Hong Kong CEG Class A and Class C holders of debt to provide them more time to consider its fresh restructuring plan.
Since the sector's debt crisis unfolded in mid-2021, companies accounting for 40% of Chinese home sales have defaulted, most of them private property developers.
Trading in the company's shares was suspended on March 21 last year.
The China Evergrande Group is the second largest property developer in China by sales. It is incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China. It was founded in 1996 by Xu Jiayin. It sells apartments mostly to upper- and middle-income dwellers
China’s second-largest developer Country Garden with annual revenues of more than $70 billion, is on the verge of collapse.
The company’s 8% bonds due in 2024 are trading at a paltry 9 cents, signalling massive losses for the bondholders. The yield is skyrocketing, meaning nobody expects it to be paid.
Country Garden to Suspend Trading of at Least 10 Onshore Bonds after a week where they failed to pay coupons of a couple of international payments.
Chinese money and credit trends look worse than US trends post Lehman, which means that either China rebounds now due to a strong response from the CCP or else it is the end of the Chinese economy as we know it!
We will have 100% dedicated coverage of China next week at Steno Research
Until then, you can read our Weekly from earlier today that goes through all the details on Chinese Real Estate and the new issues with Country Garden.
Their inevitable demise has been obvious for nearly 3, maybe 4 years now., Remarkable how these government-protected-corporations can collude and keep avoiding the inevitable for years on end with seemingly innumerable manipulative refi schemes available only to those who are in bed with the controllers.
Mike Adams reported Evergrande “collapse” 2 years ago, so is this “bankruptcy” just a formal written public notification of “restructuring”. Seems like the prelude to another cookie cutter corporate bailout/financial ass-raping of the people.
This is very good news. I feel bad for the Chinese people. Their govt screws them so badly but it's still good news. I think THIS is the hot August that Q was referring to. A lot is coming out, the markets are about the tumble & Trump is going to prove that he had a reason to believe he won the election all at the same time.
yes exactly. That was the plan all along. There are some pieces like this Flynn Logan summit that they could do at anytime but they had to coordinate the indictments with the market crashing & all that so all their hands are tied
True, most large Chinese companies are owned by their Gov as biggest stake holders. Their subs were the ones buying up US land. China has been collecting/ stock piling US built goods machines and property that tend to increase in value as assets for years. ( not just land).
But this could ignite the whole bag of shit up..... August 21st, not to date fag, seems to be the beginning of everything that marks Go Time. Things are going to get interesting....
Horee shit
I picked a good night to make chicken terryaki
I found a Japanese restaurant in Redwood City, CA that served something called Shabo Shabo! It was fun sitting at the table with a tiny pot of boiling water, cooking and eating. Haven't been able to find it on the East Coast.
Shabu shabu*
It's call a Low Country Boil over here lol.
Shabu Shabu - love it! But then I love all Japanese food.
When I used to live in US and I thought we had the best Japanese restaurants, but my then girlfriend (now wife) was not impressed at all. Later when I moved to Australia, and tried Japanese hear, I realised why! All Japanese food I had in US were fusion, but real japanese is so much more tastier.
Here in Texas I can walk a mile up the road and have the best yaki udon ever!
Lucky!
They all look the same?
sum tin wong
Ho Lee Fuk
Wi Tu Lo
Bang Ding Ow!
Had to read it twice HAHAHA.
Aug 17 (Reuters) - China Evergrande (3333.HK) is seeking protection from creditors in the United States under Chapter 15 of the U.S. bankruptcy code, court documents showed on Thursday.
Earlier this week, the embattled property developer resolved to delay its meetings for the Hong Kong CEG Class A and Class C holders of debt to provide them more time to consider its fresh restructuring plan.
Since the sector's debt crisis unfolded in mid-2021, companies accounting for 40% of Chinese home sales have defaulted, most of them private property developers.
Trading in the company's shares was suspended on March 21 last year.
And Burry just bid against Wall Street, maybe it's actually going to happen this time 🙏
🦍 we can only hope.
That's convenient.
We trust Reuters as a news source here now?
Trust them all, but verify— you know how we do it
Everdefaulting
Bro check out Country Garden
China’s second-largest developer Country Garden with annual revenues of more than $70 billion, is on the verge of collapse.
The company’s 8% bonds due in 2024 are trading at a paltry 9 cents, signalling massive losses for the bondholders. The yield is skyrocketing, meaning nobody expects it to be paid.
China’s property meltdown continues 🔥🔥🔥
https://twitter.coml/WallStreetSilv/status/1691116823826030592
CONTINUED MAYHEM IN CHINESE REAL ESTATE
Country Garden to Suspend Trading of at Least 10 Onshore Bonds after a week where they failed to pay coupons of a couple of international payments.
Chinese money and credit trends look worse than US trends post Lehman, which means that either China rebounds now due to a strong response from the CCP or else it is the end of the Chinese economy as we know it!
We will have 100% dedicated coverage of China next week at Steno Research
Until then, you can read our Weekly from earlier today that goes through all the details on Chinese Real Estate and the new issues with Country Garden.
Find the link here -> https://buff.ly/45uXN4V
https://twitter.com/AndreasSteno/status/1690715894521950208
Chinese Real Estate Developer Country Garden Holdings Co FAILS to pay dollar bond coupon payment, on course for default.
This is bigger than Evergrande.
https://fortune.com/2023/08/09/country-garden-default-china-real-estate-developer-bigger-than-evergrande/
Nipples. Firmly. Erect.
Their inevitable demise has been obvious for nearly 3, maybe 4 years now., Remarkable how these government-protected-corporations can collude and keep avoiding the inevitable for years on end with seemingly innumerable manipulative refi schemes available only to those who are in bed with the controllers.
Let the games begin!
Communists have never been good at capitalism.
Mike Adams reported Evergrande “collapse” 2 years ago, so is this “bankruptcy” just a formal written public notification of “restructuring”. Seems like the prelude to another cookie cutter corporate bailout/financial ass-raping of the people.
Bit at least it’s happening already. I think they took these 2 years to figure out how to do it
They had to sell all their crypto assets
I hope that’s just the start. Suicide weekend?
Reminds me I need to fill up my gas cans......
Roger that. Me too
Yup
This is very good news. I feel bad for the Chinese people. Their govt screws them so badly but it's still good news. I think THIS is the hot August that Q was referring to. A lot is coming out, the markets are about the tumble & Trump is going to prove that he had a reason to believe he won the election all at the same time.
I here to raise money the Chinese President has decided to make a red book of quotes, like Mao Zedong did.
He’s calling it “That’s What Xi Said”.
u/#lightning
And Lara Logan and Flynn had their sex trafficking summit tonight.
Get the swamp from all sides at the same time so they are cornered. Thanks for the FYI
The storm. Quantum Lin’s we movement.
Rfk Jr in one side. Potus Economics Pizzagate Obama and Epstein The infinite indictments
The DS has only so many resources Overwhelm the system so all the fixers are over occupied putting out brush fires.
yes exactly. That was the plan all along. There are some pieces like this Flynn Logan summit that they could do at anytime but they had to coordinate the indictments with the market crashing & all that so all their hands are tied
Remember not only China people also international all the countries.
Lets hope we somehow get some or all our our country's property back from them. Preferably pennies on the dollar.
Perhaps it will be seized because of criminal enterprise... RICO??
13818
True, most large Chinese companies are owned by their Gov as biggest stake holders. Their subs were the ones buying up US land. China has been collecting/ stock piling US built goods machines and property that tend to increase in value as assets for years. ( not just land).
Chinese companies might go through downturn, but China still has it's oligarchs. There is no shortage of Chinese billionaires.
Ya, nobody's paying attention 👀
I cant wait for the collapse of China. Let them deal with a civil war and a hundred million peasants at their gates.
And 30 million more men than women.
Same week burry shorts the US? Oh hell yea
I wish I new the expiration date.
Good thing to look up when he bought the short positions on the mortgage backed securities Vs when the bubble popped.
Watch "The Big Short" it's all in there.. including the machinations of the market that delayed the collapse.
Chinese company? Stand by a few days see what happens.
Bongino rule ...
But this could ignite the whole bag of shit up..... August 21st, not to date fag, seems to be the beginning of everything that marks Go Time. Things are going to get interesting....
Climate emergency in 3....2....1....
Everyones 401 k is tied into this.
Oh, well i stand corrected. Seems heads will roll
Futures up, so the market will be green tomorrow.
Honk Honk
R u referring to brics, i thought aug 22. Plus nov 1 when brics officislly starts
No, chinese property company.
The US stock market is already volatile and now that gives the push to become even more volatile.
But bidenomics reeee