Approximately 1/3 of Chinese economic growth is real estate. $5.5 Trillion in Assets in play. 171 domestic Chyna banks, 121 International financial institutions. SHTF.
That's not how deflationary events werk.
Gordon G. Chang
@GordonGChang
There are no viable solutions to the #EvergrandeCrisis. Even if #China’s regime saved #Evergrande itself, it cannot save all the debtors now in line to fail. #Chinese leaders must be in a panic.
Michael Pettis @michaelxpettis
"So far, Chinese officials have remained eerily silent and major state media have scarcely mentioned the Evergrande story."
scmp.com/week-asia/opin… via @SCMPNews
https://twitter.com/GordonGChang/status/1441740244286644224
Gonna get interesting….
Seems like we're waiting for some more passengers on the WWG1WGA bus::
X Soviet
@XSovietNews
People shout "Freedom!" in Moscow's Pushkin Square.
Pekвием по стране #FreeNavalny #SaveYakutia @RuFailedState
❗️"Путина в отставку!" "Свободу!" - скандируют участники акции протеста
https://twitter.com/XSovietNews/status/1441741638041210882
No, that requires cash, which they now don't have for war, just for food, heat and light.
When the revote over 2020 comes, which is what "vitiate" confers, DJT smokes Xiden.
State Legislature.
again?
The Bias
@thebias_news
NEW YORK GOVERNOR HOCHUL LAUNCHES PURGE OF AGENCY HEADS AND OTHER OFFICIALS APPOINTED BY CUOMO, WITH AT LEAST NINE BUREAUCRATS EITHER RESIGNING OR BEING TOLD THEY’LL BE OUT OF A JOB WITHIN THE NEXT FEW DAYS: NYP
https://twitter.com/thebias_news/status/1441673369414365189