| There are 21 comments on this blog. |
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Too big to fail?
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Buy low, sell high.
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Evergrande is nothing like Lehman brothers. Lehman leveraged sub prime. They have NO real assets as all notes are secondary in nature. No one holding secondary notes can collect if a property goes bankrupt or default on payments. They are literally worthless.
Evergrande has a TON of assets that are either finished, still building or they own the rights to build. They can easily sell the most valuable assets to keep cash flow going and then let the gov't or the financial institutions to restructure the board of directions and restructure the company.
Sharks are salivating at the first bite on their assets. And yes, they are too big to fail but unlike Lehamn, Evergrande got hundreds of billions worth in real properties alone. Let alone their other financial services and insurance policies.
The CCP will never let Evergrande fail or default. The freaking oligarchs within the ranks have been washing their money through Evergrande since Premier Wen's wife got involved with the company a decade ago.
Its literally too big to fail. Just like some of our farming industry, Trump injected 15 billion of our tax dollars for farmers when China stopped buying.. This is the same type of shit. They will get bailed out when they are too important to fail.
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Yawn.
Last I checked, China was still a communist country.
Standard economic theory & practice Simpy don't apply in a command driven economy.
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Dont worry, the CCP will prop up this company because for them not to do so may cause the Chinese population to take it out on the CCP.
CCP has a history of taking over companies that are going down the drain.
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Yeah, it’s not the same as Lehman Brotheres, but it may ripple out in different ways with new consequences and be just as bad.
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the "so called" trump bailout to the farmers was bad?
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Ok Gloom guy, I"ll bite:
How will it: "it may ripple out in different ways with new consequences and be just as bad."
I don't see Biden confronting china.
I think we can all agree that China won't let anything out that might portray China poorly.
So I'm at a bit of a loss on how this will "ripple out" with any kind of consequence.
Seriously - we can't even determine where COVID19 originated (lab/ wet market) due to their obfuscation. And it's been nearly two years!
Enlighten us.
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I bought my 2nd house at the bottom of the market and rented out the first one. I'm not sure what happened but my ideal tenant turned into the tenant from hell about three years later. They managed to trash the place before leaving is why I decided to sell instead of renting it out again. I had enough equity to pay off the second house and the capital gains taxes.
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@insearchofstarfish
Yes, taking our hard earning tax dollars and gave them to the farmers for free is called subsidizing. Another word, socialism. Its the most direct way of re-balancing wealth between the haves and have-nots.
So yes its bad. It is exactly the same thing that we complained about what China is doing- using State Enterprises and subsidizing a ton of money and fixed pricing and have them crushed their competitors. It is exactly the same theory as Quantitative Easing, when we don't have enough money, just print more out of the thin hair because we are the dollars, everyone else will just have to accept it. There is no extra Gold, coins, silver or any type of commodities worth anything to back the QE. Its just empty words.
And all these stimulus checks, giving money to the poor and unemployed are also bad. Taking money from the rich and giving to the poor without any reciprocity is socialism and communism. I lost something without any gain when the gov't decided to take my tax dollars to give it to John Doe because he either lost his job or he's too lazy to work.
So YES, IT IS BAD if you are anti-socialist and anti-communist.
Politicians did this because they wanted votes. They didn't do this because they cared about the real economy. If they cared, they would do it the China way, pump money directly into the businesses and mandate them to hire and retain the employees or look for alternative way of earning. They don't just give out the money to the masses hoping everyone is hardworking and do what's necessary and right. And guess what, with all the hard working jobs available, no one is doing them, they rather stay home to collect UI.
How pathetic.
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Y'all mother fuckers REALLY need to start divesting in China.
If things go south.... which they eventually will... you REALLY think they won't just take the money and laugh at you?
Investing in foreign powers that hate us is unwise.
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100% cgem.
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nothing about china targeting the farmers?
think that just happens? they even talked about it themselves
hard-earned money? where did that farmer bailout come from?
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Maybe if this happened in any other country yeah, but this is China, they got it under control.
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Cgem is correct on this one but it's not socialism
It's called "rent seeking" (most of you will need to look that term up, unsurprisingly)
Agribiz has been stealing taxpayer money for 80 years
Half dozen crops get the payday
Why the fuck is that?
Why corn, wheat and sugar beets but not grapes, tomatoes and Cum-quats?
You really think you need corn in your gas?
If so, what you really need is....
A cob up your ass!
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he B talking about the retaliatory targeting by china of the farmers and subsequent aid trump gave them to weather the battle
trump wrong to do that?
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Don't you have to pay an up charge for a cob up your ass?
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that and the butter also
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some will throw the butter in, but that's kinda bullshit as they more than double the price of the last chick who had it all ala cart
maybe they B smarter with the whole business thing
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Yes, the CCP will prop up this company, and even if they fail they will prop up their real estate bubble. Because if they dont the citizens might revolt.
Keep investing in the CCP. They love your money, with no guarantees. CCP will shit on any contract when the shit hits the fan.
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I MUCH prefer working with the all inclusive packages over the up charge for everything under the sun.
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| There are 21 comments on this blog. |
