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re: Evergrande reportedly missed its $83.53 million March 2022 bond payment that was due today
Posted on 9/24/21 at 7:47 am to stout
Posted on 9/24/21 at 7:47 am to stout
well I don’t proclaim to be an expert in mass psychology so you may be right in people being risk averse and scared of the CCP after a few token examples are made so they wouldn’t dare try it, but at some point people will want to invest in something stable so I contend there will be a black market of people who are trying to invest through the two mechanisms I listed above and some non-KYC exchanges like ByBit.
Guess we will see though. The crypto community has largely written off China for a while because it’s been obvious the day would come where they’d outright ban it. Hate it for their people, that government is a control freak and a nightmare.
Guess we will see though. The crypto community has largely written off China for a while because it’s been obvious the day would come where they’d outright ban it. Hate it for their people, that government is a control freak and a nightmare.
0
Posted on 9/24/21 at 7:48 am to LSUcam7
New century same as the old century. We’ll see a depression and then a global conflict within the next decade or so
Posted on 9/24/21 at 7:52 am to fr33manator
quote:
We’ll see a depression and then a global conflict within the next decade or so
You can bet the US housing market is going to bust soon.
It's cyclical and we're due.
Posted on 9/24/21 at 7:54 am to MrLarson
Lumber prices are predicted to take another huge jump in January next year. Not nearly as high as they hit this year but nearly triple what they are as of today. That and the Fed finally raising interest rates will mean the RE market will cool off but there will be no bubble pop like 2007-08.
This post was edited on 9/24/21 at 7:56 am
Posted on 9/24/21 at 7:57 am to stout
quote:
That and the Fed finally raising interest rates
we will see if that ever happens, I’m very skeptical
Posted on 9/24/21 at 7:58 am to stout
And this is exactly why 4 years ago I sold all Chinese stock holdings.
Posted on 9/24/21 at 7:59 am to stout
I really wonder if China is going to use this as a means to say, "Hey, privately-owned companies don't work here, only state-owned companies work here" and use this as a way to expand their power and control in their own country.
So they will let Evergrande fail, and then they will buy out the assets on the cheap and tell investors to pound sand.
The CCP is going to spin this in a way that expands their power, you can believe dat.
So they will let Evergrande fail, and then they will buy out the assets on the cheap and tell investors to pound sand.
The CCP is going to spin this in a way that expands their power, you can believe dat.
Posted on 9/24/21 at 7:59 am to Ross
They announced yesterday they will be doing so next year and I think inflation will finally force them to.
Posted on 9/24/21 at 8:00 am to stout
yeah I watched the FOMC, I just don’t believe them.
Posted on 9/24/21 at 8:01 am to Ross
I don't think they want to but in order to slow down some of our current Bidenflation they will eventually have no choice.
This post was edited on 9/24/21 at 8:08 am
Posted on 9/24/21 at 8:02 am to fr33manator
quote:
We’ll see a depression
Posted on 9/24/21 at 8:05 am to stout
quote:
Oh BTW, one of the largest buyers of Evergrande debt is Blackrock. Blackrock is the world's largest asset manager and owns tons of RE.
Honestly if these Chinese companies lose control of US property wouldn’t it be a good thing long term?
Posted on 9/24/21 at 8:30 am to Hangit
China banning Crypto is best for crypto. The last thing you want is those asshos embracing what you are doing because they get their claws into it, influence it, control it and destroy it.
Posted on 9/24/21 at 8:30 am to stout
quote:
China Declares All Virtual Currency Transactions "Illegal", Sending Crypto Prices Tumbling
Shouldn’t this send crypto prices soaring?
Posted on 9/24/21 at 8:31 am to stout
quote:for the 20th time
China also announced it's putting a leash on Crypto
Posted on 9/24/21 at 8:39 am to jimbeam
The crypto ban everyone is talking about was posted September 3rd. It's not new, it's just being brought up now for some reason
Posted on 9/24/21 at 8:44 am to Konkey Dong
The big crackdown is starting.
China's HNA Group chairman and CEO taken away by police
Another big company that borrowed a ton, invested it around the globe, then had to declare bankruptcy earlier this year.
China's HNA Group chairman and CEO taken away by police
Another big company that borrowed a ton, invested it around the globe, then had to declare bankruptcy earlier this year.
Posted on 9/24/21 at 8:44 am to Hangit
He will never be seen or heard from again for emberassing China
Posted on 9/24/21 at 8:45 am to stout
quote:
China but this has the potential to do a lot of damage globally so once again China may put the screws to the rest of the world.
Maybe we should stop depending on China. Probably a good idea.
Posted on 9/24/21 at 8:50 am to Konkey Dong
quote:
The crypto ban everyone is talking about was posted September 3rd. It's not new, it's just being brought up now for some reason
Articles are all from this morning, and bitcoin dove off the high board this morning.
BBC article
This post was edited on 9/24/21 at 8:51 am
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