oh shit is evergrande getting ugly? I haven't been paying attention because moving saw they bailed out Huarong earlier going to investigatehttps://twitter.com/orthonormalist/status/1436187084876705821 …
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fwiw I don't think the total liabilities add up to 1 trillion - that's not a claim I've seen made elsewhere
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The China demographic onion graph was kinda worrisome, but uh, this don't seem good
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Genuinely curious. In pure game theory terms, long term, this is good for US, right? Reminds everyone of the failures of central planning and brings back a small chunk of manufacturing?
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History is complicated. Maybe this leads to China having an internal fight that leads to the PLA taking over and them getting more militarily expansionistic in an era we have no leadership. Maybe we have more exposure than we think. Who fucking knows.
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if the property developers are unable to build and go bankrupt, does that drive real estate prices up or down?
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I think prices are up due to speculative demand, so I'd guess down?
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The world (and him) are going to find out a lot of eccentric opinions he holds.
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That's $1 Trillion. This is going ruin people.