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re: Futures look like crap
Posted on 9/20/21 at 8:37 am to MSTiger33
Posted on 9/20/21 at 8:37 am to MSTiger33
I saw where the Chinese developer Evergrand is collapsing to the tune of $300 Billion. The CCP may not bail them out this time. If you’ve ever been to China there are vast amounts of “ghost cities” where the buildings are empty and were built purely as vehicles of investment for the Chinese people. Their housing bubble bursting will cause major havoc in world markets.
2
Posted on 9/20/21 at 8:38 am to Doctor Strangelove
quote:
Their housing bubble bursting will cause major havoc in world markets.
is that what cnbc told you?
Posted on 9/20/21 at 8:45 am to Doctor Strangelove
quote:
Their housing bubble bursting will cause major havoc in world markets
No, it won't but it will absolutely reeeeeek domestic consumption as most of their families' entire net worth is tied to real estate because of decades of monetary debasement and uncertainty with the Yuan's stability. That's a big deal in 2021 because they have flipped to a current account deficit and depend more on the domestic economy than global exports.
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