WNU Editor: The above Vlogger was one of the first to report in depth on China's Evergrande/property crisis, and I find him to be one of the best when it comes to covering this story. My own friends and contacts in China have been telling me the same thing for the past few weeks.
Bottom line.
If the worse case scenario does play out in China, it will have a profound impact on all of us, and a massive blow to Chinese President Xi.
Update: This is going to get worse .... "It's A Disastrous Day" - All Hell Breaks Loose In China's Bond Markets (Zero Hedge).
9 comments:
Communist country.
Nobody does lame hyperbole like WNU.
Anon 4:20
It is so much more comfortable to put your head in the sand.
The US is a COMMUNIST COUNTRY. Ask BERNIE SANDERS
We all saw the Chinese housing bubble coming. In fact it was way overdue and only the economic miracle that covid was for China helped the Chinese. I remember very well the panic from industry to stocks to housing in mid 2019 when trump humiliated their country economically and won the trade war. It was panic everywhere.
Well lucky for them a few months later our totally not treasonous leaders commanded our industries to shut down thanks to such a totally deadly virus. Lol
Look.
They're traitors.
That betrayed us for Decades. Plundering and offshoring our wealth.
Of course the Chinese came to their help. And they helped the Chinese in return.
Until we get rid of this corrupt cabal that like a cancer devours our prior wealth, rights and cultural morals, we will live in slavery and tyranny.
We need to trial them, and then publicly hang those who committed the largest treason and corruption.
Or it will never ever end.
@733 actually I have deep Chinese business connections, been to China countless times, have an ivy league decree and I think you're the moron. The panic in China was real. The stock markets crashing.
You have zero intellectual honesty and likely never been to China. Admit it.
Degree, freaking autospell lol
Hmmm, what line of business are you in?
I'll talk to this person. I love talking to this person. What do you want to talk about?
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