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She's going to let you play with her tendies?I don't have a lot of cash to deploy at the moment, only my untouchable cash reserves and my tendies bankroll. Mrs. Piob has a nice five figure disbursement from her former employer's EOSP before EOY though, and of course, the remainder of 2021's payroll deductions.
Today's WSJ says fears re Evergrande stem from a growing belief among investors that the CCP will let if fail.Does this trigger the 20% drop?
Fears about China's Evergrande spread to global markets | CNN Business
Global investors have been paying more and more attention to Evergrande, the sprawling Chinese real estate business on the brink. They're increasingly worried about what they see.www.cnn.com
I was just talking to my friend about this. I think the CCP will make all of the Chinese workers whole along with any Chinese apartment buyer. Chinese bank debt/loan holders will be made whole through back door loans while any investor will be wiped out.Today's WSJ says fears re Evergrande stem from a growing belief among investors that the CCP will let if fail.
And maybe they will.
Or maybe they will blink.
IMO this is the most compelling take on Evergrande.
The main take away is that the view of bailout or Lehman moment is the wrong lens. The CCP is unlikely to just forgive or resolve the situation as they induced it in the first place, and they also won't allow it to be a catastrophic liquidity freeze. Instead it may be the worst case scenario, which is a long grind as the huge amount of assets are gradually transferred to new owners. This would result in a continuing slowdown in Chinese property development, which unfortunately is a large part of global GDP.
I am no longer giving you discounts in my bids in the house threadMy new gig gave me a sign on of 100% current bonus + my LTI payout + a little extra. I get that in October and will likely save 75% of it then spend some the rest.
Paying for the landscaping guys to maintain the flower beds from here on out which I did myself this year. Didn't realize how much ongoing maintenance there was after the initial work. Should have paid up this year.
Any sovereign wealth fund is going to be fucked.An interesting & plausible take, except it seems counter to the CCP's implicit (albeit coerced) deal with the citizenry: leave political power in our hands and we'll deliver steadily rising living standards. At the moment I'm more partial to @Texasmade's comment above. I think they'll look for a resolution that, to the greatest extent possible, harms the average guy/gal the least while imposing the greatest costs on investors and (preferably) foreigners.
Any sovereign wealth fund is going to be fucked.
Also the owners/executive team of Evergrande will probably be executed by firing squad. None of this Russian style defenestration. China doesn't **** around.