The Evergrande news is NUTS, Thoughts?
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Is China Starting Their Own 2008 Financial Crisis?
financial crisis 2008
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Money doesn't mean much to China. Much of their economy is based on the government funding anyone that wants to hack items on Amazon or elsewhere, to undercut American brands, and steal profits for a lesser quality hack. China doesn't stress money. Their economy is golden right now. They heavily supplement groceries for the over 1 billion people, no problem. They have turned their 3rd world country into a 1st world country vying for the lead. One business won't impact anything there. Everyone owns a boutique or business of some sort – everyone. It's crazy.
lol jack ma on vacation……. too funny
Literally
Interesting situation โฆ letโs see how the market will respond in q4
Looks like pomp is talking to 2 other guys who are clones of himself
Its fucking bullshit – you think i can get a bailout if i over extend my leverage fuck no
I'm finding it hard to believe this guy. He doesn't seem to know how to pronounce a single Chinese word.
Wonโ yuan
Wangโwon
And so on.
If he had heard these words said even more than one time he would not be making these idiotic mistakes.
Is this yet another person who has picked up two Bloomberg articles and is now calling themselves a China expert?
I SWEAR WITH MY LIFE,INVESTING AND TRADING SUCCESSFULLY WITH A PROFESSIONAL BROKER IS SO AMAZING BECAUSE SINCE MRS RITA EDWARD CAME INTO MY LIFE AS MY BROKER I MAKE HUGE PROFITS ON MY INVESTMENT,HER METHODS ARE THE BEST.
Anthony, you're an intelligent guy. "Evergrande screwed a bunch of people in China, literally" can only be true If Evergrande actually had sex with some Chinese people. People use "literally" incorrectly all the time. Even if most people use it incorrectly and some online dictionaries have been dumbed down in order to accommodate this new iteration, don't follow suit. Words are powerful and you're a good broadcaster. Keep up the great work!
A collapsing Chinese economy would be startling. They have long-term plans, like 500-year plans. Americans make 5-year plans. We have 4-year presidential terms, the Chinese dictator is not installed for life. If a faltered Chinese economy would be embarrassing to the dragon, how will the dragon behave? That is the compelling question for me.
evergrande or EVERGREED?
kidnap executives?! not a bad idea.
The bigger story should be the possible link between the Tether and Evergrande. The insane amounts of "commercial paper" that Tether holds may include some Chinese companies including Evergrande. The rumors are strong enough that Tether had to come out and deny that they hold any Evergrande CP. It's not like Tether hasn't lied before… If this contagion spreads throughout China Tether is gonna be in a lot of pain.
Could you explain why professional investors missed all the leverage and red flags the company had? This sounds like a mistake that's easily caught after some basic fundamental analysis.
I like your question of is this part of the plan. My belief is, yes.
lol big finance and your banks are like "deep penetration" in the market
LOL like.. Standard Chartered guy 2yrs ago.. and new market talk lol
and this happens everyones like omg we're all dead this is impossible to avoid wtf ๐ i cant understand people anymore.. yes Pomp everyone doesnt panic and they are productive they'll show they are just like America and when people realise how far the hand is up the sock puppet.. its their own fault lol
China LUL its all theater
If u think china's economy is bad just wait for the US economy to pop
what's scary is that Anthony appears to be the smartest one of the 3 of them
I'm not sure Anthony knows what literally means
Hahhaha. Communist govt, forced large property holder into failure. Crashed their stock price. Buys the assets for cents on the dollar. The govt will be taking their property for cheap.
lel is this how they will popp the bubble? Ever heard of Deutsche Bank?
The thing is, thereโre many more Evergrande to come, itโs not possible for the Chinese Central government to cover up all of them.
Evergrand will most likely die and then you will see the ccp owned investment firms will pick up the good parts on fire sale prices. The chinese people will get screwed both in lost investments and the devaluation that will occur
China is not a free market, there will be no huge collapse event, the people will be told, you are not getting your money, and if you don't like it you will get a bullet. China is not a free market, they only pretend to be just enough to gain access to western systems and money. China does not have to "bail them out" as the people will be told, sorry such up the loss and take a haircut, and if you don't like it we will send your family a bill for the bullet.
Y'all need to get some different haircuts or something, this looks like an Eddie Murphy movie where one guy plays all the characters.
Many people talking about Evergrande. China will be ok, no crash to economy.
Can't bailout forever โพ๏ธ especially financial institutions
Is green green?
Yes
Whats with the 'Mini me's?!'
Pomp says " regulations are great" he is anti crypto. Don't believe a word this punk says
markets world wide are just an overleveraged ponzi scheme
Another company I have never heard of is going to ruin the world economy again. joy
If you understand Chinese and watched the protest videos, you can hear the fear of the protesters. Actually, i think even if you don't understand the language you can hear it.
hey man i think you should consider your Youtube videos as unique NFTs on Uquid platform
This isn't USA where politicians make money in a popularity contest serving the big fish. They actually can decide to cut the rotten head off. Based on the confucianism I'll say they do just that but well see how far the great reset reaches.
Signs of Lehman in early 2007. Chinese govt sees the recession coming, thatโs why theyโve been going a little loopy recently.
China should fail to exist
Couldnt happen to a nicer bunch of covid producing assholes.
Just like Covid …the crisis will move our way.
China gorv will save local china banks which lend Evergrande but Evergrande . The current situation is created by China Policies to force private companies take less risk and decrease the leverage. So if china gorv save Evegrande , then the consequence is that much more companies in china will take more leverage and risks because they know they will be bailed ; that is opposite to the recent china policies. Evegrandeโs collapse can slow down china economic but that will be good example for other companies and in long term it is healthier.
Even in my litle country, evergrande is in the news !
Might be worth throwing a little money you can afford to lose into it. If it's 90% down and the Chinese government bails them out. You could be laughing to the bank.
only 300 billion of debt?? My friend Jerome Powell has a solution! brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr