China’s property giant Evergrande files for bankruptcy protection in Manhattan
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Re: China’s property giant Evergrande files for bankruptcy protection in Manhattan
#2Nice, creates corporation in tax havens to maximize tax dodging, files for bankruptcy in country that can actually put disgruntled debt owners to task. Good ol' capitalism.
Re: China’s property giant Evergrande files for bankruptcy protection in Manhattan
#3Will the stock market crash of 1929 happen again now?
Re: China’s property giant Evergrande files for bankruptcy protection in Manhattan
#4Will the stock market crash of 1929 happen again now? https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
What is your rationale for this comment? Can you provide more detail around metrics and financial indicators?
Re: China’s property giant Evergrande files for bankruptcy protection in Manhattan
#5There are many real estate giants and so-called "trust" companies who are incapable of repaying debt right now. Some of these companies have trillions in RMB on their balance sheets. The central bank can bail them out but at the expense of the assets of the middle and lower class. This would only further incentivize cash hoarding, and tighten the middle income trap. It is not an enviable situation.
Re: China’s property giant Evergrande files for bankruptcy protection in Manhattan
#6Will the stock market crash of 1929 happen again now? https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
What is your rationale for this comment? Can you provide more detail around metrics and financial indicators?
Evergrande files for bankruptcy protection. The China Evergrande Group is the second largest property developer in China by sales. "History never repeats itself, but it does often rhyme", etc.
Re: China’s property giant Evergrande files for bankruptcy protection in Manhattan
#7Will the stock market crash of 1929 happen again now? https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
Probably not we have better printers these days
Re: China’s property giant Evergrande files for bankruptcy protection in Manhattan
#8Earlier quoted context omitted.
What is your rationale for this comment? Can you provide more detail around metrics and financial indicators?
Evergrande files for bankruptcy protection. The China Evergrande Group is the second largest property developer in China by sales. "History never repeats itself, but it does often rhyme", etc.
The chinese stock market (Shanghai index) has been through lots of boom and busts. It didn't affect western market in the slightest. I'd not expect otherwise. The only difference is that if the Chinese economy tanks hard (great depression style), this might be contagious to the rest of Asia and eventually to the rest of the world.
But any guess is good if that happens.
Re: China’s property giant Evergrande files for bankruptcy protection in Manhattan
#9There is a sort of balance where one market going down makes another go up. For example, real estate assets everywhere but China now look better in the long term.
Bank crashing = money printing = asset values go back up. Can't lose.
Re: China’s property giant Evergrande files for bankruptcy protection in Manhattan
#10Nice, creates corporation in tax havens to maximize tax dodging, files for bankruptcy in country that can actually put disgruntled debt owners to task. Good ol' capitalism.
Under "Good ol' capitalism" companies like Evergrande won't exist in the first place.
Edit: CCP imposing market restrictions causing average folks to invest only in real estate is not "Good ol' capitalism".