going to be an exciting week in china real estate markets another big developer probably missing a bond payment today, evergrande likely to formally hit default at some point this weekhttps://archive.is/qkINL
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I think everyone is still just traumatized from 2008, it comes up every time indicators look bad and legions of people just have the classical conditioning of "I'm hearing about real estate finance uh oh"
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i dont think theyre wrong to do so real estate markets remain fucked up everywhere, just in different directions it may be some ptsd on my part for sure tho, i did spend 2-3 years of my working life doing real estate econ and man






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For sure, they don’t let you repackage debt the same way in Chinese financial markets so real risk of global contagion is v low. If anything a short-term collapse just empowers Xi’s common prosperity domestic agenda.
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