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Evergrande’s liabilities involve 128 banks and 121 non-banking institutions; the developer also hires 4 million people every year for project developments.
Evergrande is just the start of domino fall. The larger picture is yet to come. Not only banks many pivotal shares of west also have in – hand to hand in Evergrande and Chinese companies.
The question is how big the harm is going be to those exposed? Is this failure going to cascade?
It just looks like the bears are pushing the narrative, if you believe it. Short it.
FUD. From day one, you have made your money off screaming “the sky is falling”.
A look at the financial plumbing, they aren’t wrong. This is going to end horribly.
Being a contrarian, the narrative has almost become “too big to fail” with most of the big institutions, it feels like this bankruptcy is almost inevitable without the help of a bailout by the Fed or IMF.
We look at this through the lens of a westerner and this is China. I’m saying they are going to let it fail, as they have larger plans as globalists that would probably effect other companies as well and benefit them long term.
China thinks differently. They won’t bail it out. Western narratives don’t count here.
I’m wondering if there’s a chance the US will bail them out. Not directly, of course.
I’m sure there are some institutional investors from the US that where invested in these huge real estate development deals. Very likely they’re going to be pulling some strings.
Maybe even the big pension funds. Can’t have the boomers lose their retirement.
Finally, thought that will happen since I’m 17 or so. Now 10 years later, let’s see how it plays out. Back then I lost my first cash on copper put options.
Does the Chinese Central Bank have enough resources for a bailout? The CCP has never had to deal with a financial crisis. Do they have an economic “playbook”?
The cryptocurrency market is volatile. High volatility is caused when investors rush to liquidate their crypto funds fearing that the Chinese crisis will disrupt the largest global financial balance.
And, it is no surprise to see China’s real estate giant running out of money to pay off its debt having the cryptocurrency investors rushing to liquidate their crypto funds fearing China’s crisis disrupting the financial world. This is yet another financial stress racking the cryptocurrency space.
