following in europes footsteps china seems to be doing it's best to destroy it's tech industry hadnt expected this wonder if something spooked themhttps://www.wsj.com/articles/chinese-tech-stock-selloff-deepens-11627369038 …
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speculation from
@Noahpinion noting that I have no idea what I am talking about this seems plausible to me but I also do wonder about factional competition within china as a driver who knowshttps://twitter.com/rishab_hegde/status/1420076424447238145?s=19 …Show this thread -
this is the most unnecessarily grating and hostile thread I have ever encountered but it has some claims about chinese industrial policy the policy is well it is certainly a policyhttps://twitter.com/ruima/status/1420060835313971200?s=19 …
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its like chinese leaders read the book on china getting stuck in the middle income trap and said yes. that is what we want. and also read the book on south africa and said also we want that please.
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End of conversation
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Chinese RE market is well known to be totally insane
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So there's a... I'm going to go with "reasonable conspiracy theory" that the $60B in Tether that no one knows where it went is playing Dusseldorf to Evergrande. /Dusseldorf: Dumb, distanced money that likes the yield.
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Possibly at the end of their tehter
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