- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Evergrande reportedly missed its $83.53 million March 2022 bond payment that was due today
Posted on 9/24/21 at 8:53 am to Nguyener
Posted on 9/24/21 at 8:53 am to Nguyener
quote:
Maybe we should stop depending on China. Probably a good idea.
We like too much cheap crap for that.
Consumers depend on cheap crap from China, and our government depends on China buying our debt so our government can keep overspending.
2
Posted on 9/24/21 at 8:56 am to deltaland
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?
I'm seriously confused by this thread, I thought most of the Trump people hated China and would welcome this news with open arms. Will it hurt short term? Sure, but if this has a massive falling out it is going to wreck China and put the US is a great position going forward. Now if dumbasses in Washington and other States can capitalize on the fallout is yet to be seen of course... who knows.
P.S: I also hope we see a housing bubble pop, companies like Blackrock have made relators and their ilk very rich people over the last few years, but this has been at the cost of putting a massive squeeze on the middle class, it's time for a correction.
Posted on 9/24/21 at 8:59 am to BaddestAndvari
quote:
I thought most of the Trump people hated China and would welcome this news with open arms
Those that understand economics realize that this would strongly affect the USA, and your 401k could take a hit.
Posted on 9/24/21 at 9:00 am to BaddestAndvari
quote:
I'm seriously confused by this thread, I thought most of the Trump people hated China and would welcome this news with open arms
Uncertainty about how much pain it will cause in the US.
Posted on 9/24/21 at 9:03 am to deltaland
quote:
Honestly if these Chinese companies lose control of US property wouldn’t it be a good thing long term?
Long Term? Sure.
But our government and our investor class via the stock market have long stopped caring about the long term. It's all about the short term and maximizing the short term.
The hell with the long term. That's for the next generation to deal with, right?
If this country cared even a little bit about the long term, we would not be inflating like we are.
What's good for the long term is a reckoning... but that's not good for the short term, so we delay as long as we can.
Posted on 9/24/21 at 9:10 am to LSUFanHouston
China is barking hard about "income inequality." So it's probably time for a great leap forward, or something along those lines.
Posted on 9/24/21 at 9:16 am to LSUFanHouston
quote:
We like too much cheap crap for that.
Put it all in Mexico and South America. Build a railroad. There’s plenty of cheap labor and space in Mexico.
quote:
our government depends on China buying our debt so our government can keep overspending.
I’m tired of this shite.
Posted on 9/24/21 at 9:18 am to BaddestAndvari
quote:
P.S: I also hope we see a housing bubble pop, companies like Blackrock have made relators and their ilk very rich people over the last few years, but this has been at the cost of putting a massive squeeze on the middle class, it's time for a correction.
This is so stupid
Posted on 9/24/21 at 9:18 am to BaddestAndvari
quote:
I also hope we see a housing bubble pop,
As long as there aren't tons of people on ARM's like there were in 08 and in a highly inflated market it might be ok.
I know the bank my ex-wife works for stopped doing constitution loans 5 months ago. So maybe some banks played it safe.
Posted on 9/24/21 at 9:19 am to Hangit
The entire global financial house of cards is going to come crashing down in the next 2-3 years. Famine and food shortages are on the way. Our sociopathic “leaders” are taking this train right over the cliff. No one will be immune.
Posted on 9/24/21 at 9:26 am to Nguyener
quote:
our government depends on China buying our debt so our government can keep overspending.
they could just have the Fed buy even more treasury bonds at rock bottom interest rates, often introducing new liquidity into circulation in the process. Kind of been their MO this last decade
no way that system contributes to wealth inequality and inflation, no way at all
This post was edited on 9/24/21 at 9:52 am
Posted on 9/24/21 at 9:46 am to Nguyener
quote:
Put it all in Mexico and South America. Build a railroad. There’s plenty of cheap labor and space in Mexico.
We used to do that. Then China got cheaper.
quote:
I’m tired of this shite.
Me too but sometimes I feel like we the only ones...
Posted on 9/24/21 at 10:32 am to Ross
quote:
I thought we literally just got word that they would make this months payment yesterday
Appreciate the dead cat bounce in the markets, China
I think they made a deal with Chinese bondholders but they'll probably stiff offshore holders.
Posted on 9/24/21 at 10:43 am to stout
Per Bloomberg evergrande was told not to default on yuan denominated bonds. They made that payment and missed payment on the dollar bonds.
They are cracking down on all over leveraged businesses and putting CEOs in jail.
They are cracking down on all over leveraged businesses and putting CEOs in jail.
Posted on 9/24/21 at 11:11 am to RogerTheShrubber
Don’t give a crap as long as it hurts chinaman more than us
Posted on 9/24/21 at 11:58 am to jeffsdad
If they pay on yuan bonds and default on dollar the pain will be here.
Posted on 9/24/21 at 12:08 pm to stout
quote:
China Declares All Virtual Currency Transactions "Illegal", Sending Crypto Prices Tumbling
Xi trying to big dick his oligarchs not letting them get their monopoly money into dollars or something else actually accepted globally.
Posted on 10/3/21 at 8:29 pm to Duke
https://www.reuters.com/article/china-evergrande-debt-idUSP8N2MJ025
quote:
HONG KONG, Oct 4 (Reuters) - Trading in shares of debt-laden China Evergrande was suspended on Monday after it missed a key bond interest payment last week, its second offshore debt obligation in a week, with market watchers jittery as the group’s troubles unravel.
Shares of its unit Evergrande Property Services Group were also suspended, according to the Hong Kong stock exchange.
With liabilities equal to 2% of China’s GDP, Evergrande has sparked concerns its woes could spread through the financial system and reverberate around the world, though worries have eased somewhat after the central bank vowed to protect homebuyers’ interests.
Page 4 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News