China property bust article....

Market: expects bail out
Banks: expect bail out
World: expect bail out
Xi Jingping: Bail out? I want Taiwan.

Hopson says deal to buy Evergrande unit is ‘legally binding’

some weird things going on behind the scenes. All the Koreas have ramped up for war, as has china, Japan, Germany & USA.

 

Beyond my pay grade and powerless to do anything.
So no point for me to hyperventilating in my brown paper bag like you are doing.

I am just taking this in my strive and grab a drink of coke and pop corn and watching on from my great sunshine state.

Doesn't affect me one tiny bit. My income stream is solid.

 

Wow....the stupidity of people think the Chinese will handle the economic situation!

They are simply putting a bandaid..and implementing regulation. The trouble is that way it worked was working but they did not gently push some companies like Alibaba and Tencent to comply. Look at what the US is doing with Facebook and others. They are not killing the goose.

 

I scrambled to deleverage in July when the story came to light. The whistleblowers have been warning for a decade.

Few cold ones, 3 months supply of potato chips and ready to watch

 

“…country’s wealthy have long found workarounds to park their assets overseas.

New rules -- and the Covid-19 pandemic -- have made that harder…That’s led to a surge in demand for underground money changers and a corresponding increase in cost. Private bankers say some clients complain of paying commissions of up to 20%…”


Wealthy Chinese Shift Focus From Making Money to Protecting It


Is it even remotely possible hordes of wealthy Chinese will sell Australian properties to take money back home after paying upto 20% in transfer fees!!!

All signs point to tsunami of HongKongers and Chinese buyers scooping up Australian real estate and other safe heaven assets the moment flights are allowed (hint: suitcases)

 

Evergrande reportedly pays bondholders $110 million, averting default for now - ABC News

Evergrande avoids default for now. We're all in the tbtf market now.

 

China's Evergrande says it has resumed construction work on nearly a dozen projects, just days after it managed to avoid a default

 

Doesn't mean much.

The chinese economy has hit a roadblock.

 

No, appears to be more of a speed bump.

 

Is the speed bump xi JP?

the local markets are cratering. Word on the street is they are scrambling to get into foreign stock markets, crypto markets & (prob) housing markets.

 

I've said it before, they've got a billion and a half of starving people and we have the goods, Australia undersells itself.
hong-kong-seizes-smuggled-australian-lobsters-amid-china-

 

These starving people are ordering lobster?

 

Things are gonna get ugly when the caviar runs out. #resourcewars

 

I didn't say they were poor!

 

Anybody know the background song? I need to add this to the spotify playlist

 

Didn't they blame us for the latest covid outbreak?

Evergrande have defaulted.
bubble warning:

Free Brokerage on ASX ETFs until 2022 | SelfWealth
Zillow has listed a staggering 93% of the hundreds of Phoenix homes it owns at a loss
https://www.reddit.com/r/Superstonk...urce=share&utm_medium=ios_app&utm_name=iossmf

 

China Junk Bond Yields Hit All Time High As Property Default Contagion Spreads, Home Sales Plunge 32%

Iron ore in the 90's going much much lower

 

Would love to be a fly on the wall in some of those CCP meetings. I speculate with the energy crisis they're facing quite a few are seething at Xi. His not attending Glasgow might be to stay ahead of fires at home more than anything else.

Saw him in Double Bay one day surrounded by body guards. Could not believe how short he was. Dude could be a jockey.

 

Yeah not a big dude. It's funny because at one time karl sandilands lived a few houses from him (they are good mates) and Karl had a sign outside his house "John is that way" pointing away from his house. There were some drive by shootings and Karl didn't want to get in the middle lol. With friends like that, who needs enemies!