#China #Evergrandedebt #ChinaEvergrande
Ed Yardeni, Yardeni Research President and Chief Investment Strategist, talks the implications of China Evergrande’s potential collapse.
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Everyone is exposed
CHRÉTIENS DU MONDE TURCS, AZERI DETRUIT LES ARMENIENS POUR AIDER !!! NOTRE DIRECTION NOUS A VENDUS À TOURIAN OGRESSORS POUR AIDE !!!!
doesn’t mean anything, the us is in trillions of debt, whats the difference?
The USD is owned currency and is buyed worldwide, world reserve.
Good luck!!
^
GME!!!!!!!!!!!!!!!!!!!
Karma can always be trusted. The sun will never set on the east. We have seen enough. I only pray that the people of China will not be hurt because of a lack of leadership. Lessons which are not learned shall be repeated.
This will affect the whole world dude not only china. Lots of foreign shareholders are investing in evergrande
Never trust or invest in the CCP in China or their corporations.
Evergrande is just one out of hundreds big ponzi schemes.Evergrande was ready to pop 10 years ago but government kept covering for them. Everything comes to the end and time is now.
China was all upset about companies being “too big”…. but didn’t think this debt wasn’t TOO BIG???
Because the person in power in China has an education background of grade 6 only.
YUP, Evergreen goes down…. takes the market, too… I WILL be buying THE DIP!!!
Buy puts!
@Albaroxc I didn’t say I was DIVING in….. lol
@Cranky Buzzard haha 😂 same here
@Albaroxc Like Sept isn’t wierd enough….. they throw this crap at us…. lol
This guy wants us to buy evergrande… wow.
Buy the dip 😅😅😅😅 please dont.
Just trying to make bag holders lol
Haha this will be the Chinese Lehman Brothers for the world economy. It will pop the Chinese housing bubble, and 1.5 trillion in liabilities for the smaller players who will be affected. Evergrande has 22% of the market, it will drag the rest of the market down
same as junk bond, buying opportunities will assume that Chinese central bank would sell a put and save the day, that would be an AMC opportunity out there. But if china let it default, you just shoot yourself in the foot. I mean, you never know what CCP would actually do, if you do, please tell me.
I enjoy watching the CCP go down in flames. Humanity will benefit once it collapses
The ccp owns evergrande. Stop buying ccp stock.
This guy isn’t making sense. One-child policy was awful, but for his argument in using it to say because of the larger older population due to that policy, it’s causing these housing needs which in turn is causing this situation like Evergrande. Um, even without the one child policy, the housing needs are still going to exist and likely at or above the current level the folks are experiencing. So how’s that valid in his argument??? 🤨
Fewer children means fewer new households and lower population, housing lasts a long time if your population isn’t growing you don’t need to build much
Basically Chinese government have been skimming pension put so that’s not enough children to pay for them in fire. They don’t have enough factory worker is so they are declaring university’s to trade schools to plug the gap making People properties and Pele can’t afford 3 children but government wants them to. They say they are doing learning English as part of the curriculum to make it cheaper but in reality is to keep the next generations less aware of the world . They have stopped students leaving the country
Most housing is of per quality and fake down after a few years. Land is leased so congrats only own property for 70 years before it can be taken away
I don’t see it happening. If Evergrande goes down it would be a super bad look and the CCP and could potentially threaten their rule and the peace in society there. It if happens though all hell will break loose. Literally everyone there is invested in real-estate there. If it falls though expect a hard fall.
China finances debt with debt, it does not work.
CCP doesn’t do bailouts.
no it wont, i bet it wont
China is too big to fail!!!
China will let it collapse, bcus they are pursuing common prospering. Time of keeping gun and your head and saying if you don’t bail us out we will shoot ourselves is over.
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The market has been monopolized for more than 100 years. The system allows shell companies to promise no returns to investors, but the market and corrupt elements will earn tens of billions with this credit. This is how the West gets rich,
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300 Billion just for starters.
President for Life Winnie the Pooh( Xi Jinping) has Lost Face
Lol Xi’s the one who pulled the trigger to shot down Evergrand, because its CEO defied Beijing’s order thinking he was big enough to challenge the CCP, like Jack Ma.
If the CCP bails them out, all the other Corrupt realestate Ponzi scheme companies will expect a Bailout as well and so will the Chinese Middle class who are on the Take for all this mess.
Yessssss 😈
This guy has no clue what he’s talking about lol China isn’t like America they aren’t going to bail them out
Good luck on the way down then
@Luis Gutierrez put season baby
Well said Aljazeera “Failed and Bailed-in” bank deposits of $25 trillion plus formal Chinese Debt of $7.18 trillion equates to $32.18 trillion. Real GDP is widely acknowledged to be overestimated by 40-70%…. (Assume 400% of GDP Real Government debt) Southeast Asian average 5%-10% interest rates would require 1/4 to 1/2 of GDP to be directed to Interest on debt. Bail-in is why population cannot transfer spend or travel Offshore.
Biden will bail out Evergrande, no worries.
Bubby can you spare A dyme
About damn time with all those damn ghost cities
And the biggest irony is that many people in mainland china still naively believe that the property bubble in there will not burst eventough many people outside China already saw the signs since 2008 Subprime Mortgage Crisis.
He has no clue what he is talking about – maybe he can put some of his money in evergrande
The man works for Yahoo. You can’t expect much from him.
@Tayhak Ly 😅🤣🤣
@Tayhak Ly and anyone who works for Google, FB etc.
A paid for pundit.
😂
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Humpty Dumpty had a great fall
This is not good. Brace yourselves!
SOVIET UNION GAME OVER ECONOMIC 1991 , CHINA GAME OVER ECONOMIC 2021 !!!!!!
No matter how the Chinese government handles it someone is going to lose money. It’s a hard decision as the government cannot make everyone happy. I think that is why there has been no movement on this issues they are still arguing how to proceed and currently delaying the inevitable. 300 bil is 2% of the Chinese gdp, so it’s kind of a big deal which could cause serious ripples in their economy.
More than that they make money selling land and 62% good to local governments in taxes prepping then you. With it that they will struggle
Let Evergrandes fail so a more competent developer can take its place.
And allow 60 million people to go bankrupt ???? really ? there is zero safety net in China. Consumption in China would fall by 15% over night.
@Christopher Jacobs They can eat Xinnie the War Crimes Pooh Bear. Blame him for the greed and glut propping up North Korea and farming their Muslim population for organs.
First the “Evergreen” in the Suez canal and now the Evergrande
Let it COLLAPSE.
Who CARES
This is basically a “cash flow” problem caused by “overtrading”. So what will China goverment do to sort out this mess?. Comparison with Lehman collapse are wrong collapse of Lehman Bank was engineered by major US Banks and debt was linked to inter Bank trading!. This China property company has assets and can be rescued if goverment declare it bankrupt and break up viable and non viable assets – sack Directors sell viable assets as “going concern” concern”!. Lehmann debts were not underpinned by any assets Bank was gambling on futures market to make profits! Remember China is accelerating development of her economy and oil production is now coming on stream being sold into global market!. 300 billion US dollars is offset by Trading profits due to Belt and Road economy expanding!. China is demolishing unwanted /abandoned properties and letting owners bare the cost. Then new company can develop empty site!. How, well USA and EU are recovering from virus shutdowns and China is taking full advantage of Matket opportunities – huge hand outs of borrowed money are a short term fix which shows a dilemma faced by America!.Either work with China and allow US dollar to stop being Reserve Currency or lead a massive attack on China trading routes!. Those who choose second choice check data for Belt and Road market and huge growth driving new developments paid for from profits of new markets!.
or build a Western led attempt to collapse China!.
The same thing seems to be happening everywhere
Here in India we buy Gold, because its safe asset
If only it gained value
China banking assets worth 15 trillion us dollars, foreign exchange reserves $ 3.2 trillion us, government revenue for 2021 $3+ trillions.plenty of assets cover the liabilities.
300 billion dollars! No way is Bejing gonna bail them out at least not completely.
300 billion dollars to China,like one drip of water to ocean,not big deal
bet on china bet on loser
stupid analyst, soros already warned about this
It’s all over folks. Total financial collapse.
They missed the big question. How will these effect US companies invested in China real-estate. Like BlackRock (part of S&P 100) which invested heavily Evergrande. this could be a big ripple
Vanguard is another US investor of evergrande. Voya holds vanguard stock. My 401k will be soon be a 201k fund
Creating volume, to dump the stock….
Nobody:
Beijing: we are doing fine. No real estate crisis.
That’s not true. People are protesting in the streets and the police are not arresting them. The gov’t may bail the people out for the sake of maintaining public sentiment. Real Estate makes up 30% of China’s GDP growth overall.
Yahoo wants to lull you into believing everything will be ok as their corporate masters leave you holding the bag. Do not fall for it. Evergrande is just one potential problem. We are also in a housing bubble. Hedge funds and Banks are the most over leveraged they’ve been in history. There are over 600 trillion in derivatives floating around. Margin debt is at all time highs. SEC is frantically trying to push out new rules to prevent the inevitable collapse of this house of cards.
Do not invest in China!
Excellent 👏
This is a buy opportunity?!?
Best case scenario is CCP nationalize the firm and you get nothing.
Worst case scenario is they default and claim bankruptcy and you get nothing.
This snake is just Jim Kramer off of coke
Lmao basically 😂
Lehman collapse caused systemic risk – credit default swaps allowed leveraged bets on the debt so when Lehman collapse the financial losses were amplified. That’s why it was so bad. $300B is a lot, but if there isn’t leverage here then I don’t think it will be “as bad” as Lehman. It will just be “bad”
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Lot of the top evergrande management cashed out at end of June because they knew what would happen in Sep.
If China want to have stable economic, He should solve the Burma problems first. 50% or more Chinese Businesses depends on Burma in-term of raw materials and illegal markets.
China is now the new global leader along with the Russians !!
Oh yeah theres no way the CCP will let a contagion spread…
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I used to be a Chinese, now I want to tell all of you how rubbish China is! Don’t have much hope for China, because it will always disappoint you in the end! Don’t look at how beautiful it is now because it is just a superficial phenomenon. There is no real sense of responsibility in this country from the top to the bottom, the thing this nation care is only chasing benefits!
China has created the huge disaster of covid-19 to the world. If you look at China’s domestic propaganda and public opinion, they don’t have the slightest guilt. Instead, they have been determined not to admit forever that the virus originated from China, and they have been laughing at the sufferings of other countries in the world all the time!
China’s scientific and technological development is largely derived from the introduction of research results from Europe and the United States, and China has paid very low costs for this, but has great benefits. Because of the so-called academic freedom, China can send students to foreign universities to participate in research, and these students can return to China with research results in a few years. This is how China relies on the open academic platform of advanced countries to grow itself. One of the most well-known examples is Qian Xuesen in the 1950s. After returning to China from the United States, he made a great contribution to CCP’s missile and satellite business. For this reason, CCP elevated him to the status nearly a saint in the national history, and made a vivid narrate, describing how he withstood the malicious obstruction of the American authorities and returned to China heroically with the help of CCP. This is what China has always done, using American technology for free meanwhile cursing the United States.
There are many other absurd things in China. One thing is certain that China’s economy will eventually collapse. Taking housing prices as an example. China’s housing prices are already peak in the world. For example, in the main urban area of Beijing, housing prices are as high as 100,000 yuan per square meter, and the average monthly income of an ordinary employee in China is 10,000 yuan. Maybe you think this must be some elegant residence, but unfortunately it is not. This is just one apartment in an ordinary high-rise apartment even old Khrushchev buildings. That means, in order to buy one square meter of a certain floor in a high-rise residential building in the main urban area of Beijing, an ordinary Chinese needs 10 months’ income, and many Chinese’s income is less than 10,000 yuan. And this does not include the cost of decoration. Regardless of Beijing, even in third- and fourth-tier cities, the price has reached several thousands yuan. People will be surprised why these happen, the reasons are: the welfare of the Chinese people has never been the primary consideration of the Chinese government, the submissiveness of the Chinese, the huge population and fierce competition of china, and the speculative mentality. They always feel that the government will control the property market to prevent the collapse of the property market. . However, all this must not last long.
China’s development has reached its limit: the limits of their minds.
Chinese characteristics: snobbery, money worship, power worship, empty mind.
China has the largest number of corrupt officials in the world.
Don’t worry, Just run…………..
investing opportunity? These guys are desperate to leave retail holding the bag how do they sleep at night
One wonders how China can have financial troubles when we buy so much stuff from China and now Europe is ready to do the same thing allowing China to build a better stronger military surpassing ours.
This was eventually going to happen, they just kept building apartment buildings and noone was living in them
“Bear Stearns is fine!”
Yes I agreed with you Isaac , the policy of globalization free trade agreements internet cryptocurrency all of them decentralize the politico_economic policy of the world.
Rise up good people of China.
The BIGGEST wet market in China is about to open.
The CCP, all 94 million of them will be slaughtered at the wet market.
The streets and rivers will run red with thw blood of the CCP.
94 million CCP ruling as the elite of China, that’s about to come to an abrupt end.
Good people of China take back what is rightfully yours, take back China.
OMG ARE YOU SERIOUS? THE ENTIRE WORLD IS ON SHAMBLES INCLUDING THE UNITED STATES. MOUTH PIECES GIVING FALSE HOPE WHEN WE SEE WHAT’S HAPPENING ALL OVER THE WORLD.
YOU MEAN KEEP PRINTING MONEY TO KEEP A ECONOMY ON LIFE SUPPORT. STRATEGY MEN FOR HIS OWN CONVENIENCE. TRAGIC!
What an asshole. Talking about a buying opportunity in chynah!! 🤣🤣
Shmitah this year. Lines up perfectly. Altho I think this is short term fud, and then next year is the big crash.
China doesn’t have a free market?!?! Like America does. Get real. America markets are so rig that it is no longer funny
The Evergrand chaos is designed by the Chinese government because the CEO defied their orders several times, evergrand is just another Jack Ma lol… oh these silly “experts”.
Take back all share from china people lost share in China I and all partners also withdraw our shares and cut connection from china …We trying to investment in India it’s all time good so everyone must do that….. share
A buying opportunity? They recently wiped out all private education companies. They can just decide one day to kill whatever you invested in. Their market isn’t safe. That’s why they have this big issue with real estate… it’s what ever chinese person puts their money in.
Don’t worry folks, the prc is going to throw even more money at an inflated real estate sect.
Mass mortgage lending fraud in Australia. PM Scott Morrison voted 26 times AGAINST having a Banking Royal commission. Watch the Denise Brailey “bombshell” video on Youtube.
2 5 of GDP is nothing compare to Lehman Brothers.
This is free market until something like this happen and many speculators expect the China government to bail them out. I say NO. Free market remember?
Wait wait .. was’nt Xhina going to surpass the US ?? Bullshit of big media
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The issue with the property market in China is that no one owns the property and a majority of people “own” homes outside of the city, leave their kids, and move to the city to work and support their families.
What does evergrande gotta do with the world market? It seems, foreign stock market plunge. How does China developer debt cruch, affect other countries. Crazy!!
300billion,how did it become so much, where is the gatekeepers
Bearing in mind that All American banks had been nationalized during the financial crisis for a trillion-dollar bailed out when the government forced consolidation of banks in exchange for bailout loans and equity interest. In addition to auto, industries have also been nationalized during the recurring crises. The government gives and takes during failed governmental regulation are common events.
.
Is it dollars or Juan
China needs to back up their own countries companies
The Chinese government will just nationalized the banks and take it over. IMO.
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Anyone investing in China is already crying looking at Alibaba, Didi, etc.
Right, avoid China like a pandemic