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Thread: China Property Collapse Has Begun

  1. #11
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    Re: China Property Collapse Has Begun

    Quote Originally Posted by cpwill View Post
    ...so long as that "no one" is restrained to "senior CCP leadership", perhaps. the continued demand for WMP's indicates that information has not fully trickled down to the (about to be fleeced) masses. Which is why you are also correct to say that they want to pull this bandaid off slowly - the last thing they need is to lose their claim that they can competently manage China's economy to produce constant, rapid growth.
    Most leaders around the world try to prevent significant slowdowns or recessions. Obviously, China is concerned about widespread social unrest in the event of a significant downturn, but I also think they are less concerned about that now then they might have been a few decades ago or even a few years ago. There are a growing number of inter-company loans that are going into default. A significant portion of them are to property firms. You also have Chinese companies defaulting on imports and defaults by shipyards. Generally, none of the onshore defaults are presently counted as real defaults since there has not yet been a loss on them, but defaults on imports and all the other pending defaults in the present environment make the potential for a financial spiral likely.
    "For what is Evil but Good-tortured by its own hunger and thirst?"
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    Re: China Property Collapse Has Begun

    Quote Originally Posted by American View Post
    China has been cheating the laws of economics for probably 20 years, time to pay up.
    You must mean the opinions of economics.

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    Re: China Property Collapse Has Begun

    Quote Originally Posted by American View Post
    China has been cheating the laws of economics for probably 20 years, time to pay up.
    And we haven't? Talk about the perfect storm... China and the US Economies imploding under the weight of their own political failures..
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: China Property Collapse Has Begun

    Quote Originally Posted by MaggieD View Post
    I think that's rather old news:








    Proving that "if you built it," they won't necessarily come.
    With cheap exports, who can afford it?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: China Property Collapse Has Begun

    Quote Originally Posted by MrVicchio View Post
    And we haven't? Talk about the perfect storm... China and the US Economies imploding under the weight of their own political failures..
    We just had a huge correction about 5 years ago.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: China Property Collapse Has Begun

    Quote Originally Posted by American View Post
    We just had a huge correction about 5 years ago.
    I was referring 17T+ debt and unsustainable entitlement programs
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: China Property Collapse Has Begun

    Quote Originally Posted by MaggieD View Post
    I think that's rather old news --
    I posted a similar thread in february - that thread saw claims China has managed huge populations, a huge financial "surplus and hold trillions of dollars of foreign assets and I think they will leverage those assets to maximum financial advantage"

    Strangely that became a discussion about US debt - rather than the very serious situation of the financial house of cards that the Chinese economy is basing itself on.


    http://www.debatepolitics.com/asia/1...led-world.html

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