im trying to imagine a world in which this makes things better. like usually price floors just result in overproduction /if you have a guaranteed buyer/. but here you dont afaik so it seems like this just prevents many sales from happening at all but
-
Show this thread
-
This Tweet is unavailable.
-
Replying to @SatyreContraire
yeah but that just screws the companies harder maybe? where do they get revenue now
2 replies 0 retweets 2 likes -
This Tweet is unavailable.
-
Replying to @SatyreContraire @eigenrobot
Yeah. The losses will be socialized. The developers are relatively screwed no matter what since theyre not allowed to do presales anymore and actually have to keep cash in escrow. The banks are all state owned so they can’t say no
2 replies 0 retweets 2 likes -
What’s new, I think, is that the govt asked certain nominally private companies to shoulder additional burdens that normally fall onto the state (rip Chinese equity).
3 replies 0 retweets 2 likes -
Replying to @costa11235 @SatyreContraire
im not sure the state's gonna be in a real good position either 1/3 local govt revenue coming from land sales and all that imagine that going to ~0
1 reply 0 retweets 2 likes -
-
You can’t outrun unproductive investments with … more unproductive investments. And in China‘s case the chickens seem to finally come home to roost.
1 reply 0 retweets 2 likes -
What’s I think is worrying, the whole ordeal already weighs on Chinese consumption + import substitution + autarky aspirations are gonna make the whole situation for the global economy extremely bad. Might just all get us off of our China addiction tho.
2 replies 0 retweets 2 likes
yeah agree inshallah
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.