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Contagion is Real

UW_Doog_Bot
UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,426 Founders Club
edited May 2022 in Tug Tavern
Another domino.

https://youtu.be/-u371ZBA8NE

Tldw another large Chinese property developer has missed bond payments.
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Comments

  • greenblood
    greenblood Member Posts: 14,566
    That's what happens when a country builds ghost cities just to keep people employed.
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  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 69,465 Founders Club
    UW_Doog_Bot said:

    Another domino.

    https://youtu.be/-u371ZBA8NE

    Tldw another large Chinese property developer has missed bond payments.

    Steve Bannon says they are actually dozens of Chinese property developers in deep trouble
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  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,426 Founders Club
    edited October 2021
    DerekJohnson said:

    UW_Doog_Bot said:

    Another domino.

    https://youtu.be/-u371ZBA8NE

    Tldw another large Chinese property developer has missed bond payments.

    Steve Bannon says they are actually dozens of Chinese property developers in deep trouble
    He's right. This is how bubbles pop. Leverage on top of leverage only works in an upward trajectory market. Once deleveraging begins it's basically impossible to isolate because of that.

    Edit: Got a sauce so I can listen?
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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,178 Founders Club
    There is a lot of Chinese money parked in US real estate. Every so often the Chinese government makes it hard to get money out which effects the market here

    A China real estate collapse wouldn't help things here at all
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  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,426 Founders Club
    RaceBannon said:

    There is a lot of Chinese money parked in US real estate. Every so often the Chinese government makes it hard to get money out which effects the market here

    A China real estate collapse wouldn't help things here at all

    Well, it ain't just CCP money. The US is the new Switzerland using real estate. Essentially during covid Chinese real estate money in the US dried up. Prices still skyrocketed.

    I think there will be a dip but I think the US will be the significantly less effected than a lot of the rest of the world because the % investment is still small compared to the size of the market. Canada, Australia, NZ, and the like could all see massive price declines.
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