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Replying to @eigenrobot
is it me or does every little bit of info i learn about this make this sound like a catastrophe just waiting to pop off? have you encountered anything that would inspire confidence rather than gloom?
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Replying to @bungoman
well maybe the government steps in effectively somehow
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Replying to @eigenrobot
does anyone have an idea of what that looks like in this case?
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Replying to @bungoman
maybe they step in and assume the obligations of Evergrande or something would be pricey but they could pull it off problem is there would be a bunch of long term costs, might just kick the can down the road if some wrong
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Replying to @eigenrobot @bungoman
and they might not have much time before things get spicy hard to say tho this was hard to handle even in the US
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Replying to @eigenrobot @bungoman
And Occupy and Tea Party were direct consequences. CCP runs on legitimacy and economic growth. Don’t bail out? Lose some. Do bail out? Lose some.
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i kind of expect them to bail out in some direction because of the downside risk to the entire real estate market like even moreso than in the US apparently Chinese household wealth is concentrated in their homes Evergrande has down payments on more than 1M unbuilt houses :/
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