Financial Armageddon!!

[Perry]

What exactly is 'it' that's "gonna be big?"

[chook]

What exactly is 'it' that's "gonna be big?"

Cant you read or do your own DD

Not even worth responding too..

[Perry]

Right. I thought so.

Just another empty assertion, uncorroborated by the claimant.

[McDuck]

Cant you read or do your own DD

Not even worth responding too..

I wouldn't worry about that.
Just ignore troll activity.
Don't feed the trolls.

As to the question of China and housing, ..
The real question is about how a communist country would approach a sector fail.
We just know how western economies would react.
But remember, China has many more tools at it's disposal.

Even the merest request from the government is taken seriously and acted upon with urgency.
Good luck getting that level of cooperation in other places.

The question is, can all those communist tools win out against FAG.

(Fear and greed).

[donna]

^^ yes when the alternative would be hard labour in a prison camp at best. As you say they have many tools at their disposal - firing squad also at the ready!

cheers
Donna

[chook]

Right. I thought so.

Just another empty assertion, uncorroborated by the claimant.

(Qoute) "I wouldn't worry about that.
Just ignore troll activity.
Don't feed the trolls."

[McDuck]

^^ yes when the alternative would be hard labour in a prison camp at best. As you say they have many tools at their disposal - firing squad also at the ready!

cheers
Donna

Yes, those are certainly tools that are not at the disposal of many western economies.
But in China, its more pervasive, you need to play ball in order to do anything, get a permit, get a job, etc.

And in western society, only the individual is considered responsible for their actions. Where as in China, your family or extended family might find things more difficult depending upon your actions.

I mean, it's an old culture, with a totally different set of problems, beliefs and traditions, so I'm not going to judge.

It just important to remember, when dealing with other cultures, not to expect them to play by our rules or follow our expectations.

[Sanya]

[...]

It just important to remember, when dealing with other cultures, not to expect them to play by our rules or follow our expectations.

There's some wisdom.

The rules are different.

For example, there is no private property in China. The Government owns it all.

And what about the banks? -- Also majority owned by the Chinese Government.

Who's the biggest employer in China -- If you guessed the Government you'd be doing well.

[donna]

^^ so China doesn’t fail. Some heads will roll, but IMHO don’t expect a financial meltdown that would make China look weakened in any way.

[McDuck]

^^ Weakness in your eyes, isn't the same as weakness in theirs.
Success is measured by different values.

Money is a tool to an end, not an end in itself.

[chook]

Evergrande saga deepens..

Shares halted from trading
Ordered to demolish 39 luxury apartments worth $1.7 billion

All Chinese developers have 197 billion of payments due in January alone..

This isn't the end this is just the beginning folks..its gona be big.

Chinese property developer Country Garden which is BIGGER than Evergrande and had no financial difficulties now appears to be struggling with a 30% drop in their bonds in the last week.

The ripple effect is happening.

[chook]

https://www.youtube.com/watch?v=6biF...annel=JoeBlogs

Ripple effect now starting, you wont hear about this until the first ripple hits the shore but its already too late!

[McDuck]

Ripple effect now starting, you wont hear about this until the first ripple hits the shore but its already too late!

Surprised you aren't more vocal about what's happening in the US stock market at the moment.

Also how " transitory inflation" has been retired as a kick the can tactic world wide...

And the ever popular Evergrand drama..

[chook]

Surprised you aren't more vocal about what's happening in the US stock market at the moment.

Also how " transitory inflation" has been retired as a kick the can tactic world wide...

And the ever popular Evergrand drama..

Well that is actually what I have been talking about the "Evergrande drama"..

Powell has now admitted inflation is here to stay and yes I have been in discussion with Jeffa on the world stock markets being on shaky ground on another thread (give you one guess ha ha)

Watch for actual fireworks beginning March me thinks..

[JBM]

https://www.dunedin.govt.nz/council/...p-debt-profile

These increase DEBT levels for the like of the DCC were just predictions ... one does wonder with the high inflation in costs how much higher the DEBT will rise too ?? and now with rates heading much higher the burden on Rate payers going forward ??

I'm sure many Councils across NZ will be the same >>>