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bossab2 - 20 Sep 2021 19:48:16 (#1 of 35)

https://www.nytimes.com/live/2021/09/2/business/ec
onomy-stock-market-news


China sneezes: America catches a cold

machiavelli - 20 Sep 2021 20:36:43 (#2 of 35)

The dragon farts, the world shits itself

bossab2 - 21 Sep 2021 13:18:59 (#3 of 35)

https://www.aljazeera.com/economy/2021/9/20/evergr
ande-tumult-ensnares-stocks-with-very-little-link-to-china

tasselhoff - 21 Sep 2021 15:48:22 (#4 of 35)

I think all things beginning with Ever G need to be banned.

bossab2 - 21 Sep 2021 15:55:29 (#5 of 35)

:-)

Yes !

bossab2 - 21 Sep 2021 23:09:33 (#6 of 35)

https://www.theguardian.com/world/2021/sep/21/ever
grande-will-it-collapse-and-what-would-happen-if-it-did

sugarsnappeas - 22 Sep 2021 05:00:43 (#7 of 35)

https://asia.nikkei.com/Spotlight/Caixin/How-Evergrande-could-turn-into-China-s-Lehman-Brothers

machiavelli - 22 Sep 2021 05:59:32 (#8 of 35)

It appears that no matter the nation or political system, humans are susceptible to the same stupidities.

bossab2 - 22 Sep 2021 07:31:36 (#9 of 35)

Indeed

chacqueschirac - 22 Sep 2021 07:27:03 (#10 of 35)

The Chinese system is different, the communist state has no incentive to bail out failing capitalist structures.

Evergrande will be bailed out, but on radically different terms than used during the subprime collapse. Speculators (investors and entrepreneurs) will lose, small cap buyers will be protected.

brooklyn - 01 Oct 2021 00:34:11 (#11 of 35)

<<small cap buyers will be protected.>>

could you explain that please?

Peacock - 01 Oct 2021 00:45:35 (#12 of 35)

You say that with such certainty cc. It’s as if you have inside knowledge

chacqueschirac - 01 Oct 2021 08:52:26 (#13 of 35)

You don’t need inside knowledge to get that.

InternationalVicar - 01 Oct 2021 10:12:27 (#14 of 35)

The bulk of the apartment purchasers payed up front - often years ahead to secure a apartment not yet built.

80,000 cash investors were promised 12% returns and a Gucci handbag.

Evergrande’s wealth management division: “Proceeds from the Wealth Management Products have been used to bridge various funding gaps faced by the parent company,” the executive said. “There is no need to thoroughly examine where the money actually went. Some WMP proceeds were used to repay previous products but sales plummeted, making it difficult for the business model to continue.”

InternationalVicar - 01 Oct 2021 10:15:55 (#15 of 35)

Not to mention unpaid suppliers, 125,000 employees, $350 billion other debts and unsaleable assets.

bailliegillies - 01 Oct 2021 13:10:51 (#16 of 35)

Sounds like another Ponzi scheme going wrong.

chacqueschirac - 01 Oct 2021 16:34:34 (#17 of 35)

The perps will end in prison or worse.

Intowntonight - 01 Oct 2021 17:38:51 (#18 of 35)

"If it looks too good to be true - it is"

jamalade - 02 Oct 2021 17:44:08 (#19 of 35)

杀鸡吓猴

Kill the chickens to scare the monkeys.

bossab2 - 03 Oct 2021 06:30:31 (#20 of 35)

https://finance.yahoo.com/amphtml/news/evergrande-ever-given-why-many-163407018.html

Chinese company names

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