Sep.22 — Tommy Wu, lead economist at Oxford Economics, discusses China Evergrande Group’s debt disaster, how he sees these points taking part in out and his outlook for the Chinese language financial system. He speaks on “Bloomberg Markets: China Open.”
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How many eh.. do you need?
Yes!
Great stuff. I watch several youtube videos on how to trade in the stock market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands.
This is going to be a fun few days.
Everything can be faked…
A weaker China is good for the world.
Then the debtors should stop & don't do anything about it and let Evergrande continuing operating. Companies won't go bankrupt if debtors extend the dateline. Eitherway, if Evergrande goes bankrupt, everyone loses out in the end.
Eh.. I think eh Beijing eh… Is in eh China.. eh
And yet they are.
30 % GDP there's no way to not bail out the real estate market, Xi will loose his job and power
i realy cant listen to the guy, so much uuh ehh ahh uuhh ehh
Aaaaaaaaaaaaaaah……who dat typing so loudly? Uuuuuuuuh …. uuuuummm …aaaah dunno.
Evergrande owns 220B in assets, this is just FUD, buying the dip
Good lord this Oxford dude sucks.
1. Evergrande bondholders are mostly US and EU banks and funds. Government doesn't want to bail out US and EU banks and funds.
2. Any government bailout must mean government buys over the equity of existing shareholders in return for paying their huge liabilities. Government means CCP since it's China. Contagion effect will subside.
When you hear the impact will be contained…. He’s a plant
Daylight robbery
The CCP Virus and now Financial disaster.
After studying the trajectory of great assets like real estate, dividend paying stocks of blue chip companies, gold, oil etc ,my conclusion is that most great assets never come down to the price that you want them to so you can buy. just buy the ones you can afford today.
TOMMY WU SAYS (UH) QUITE A BT,… BUT GOOD REPORT!
They’re not bailing them out, they’re going to take care of domestic sentiment. Foreign, private investors will be burned by the ccp again.
Forecasting. Projections. Let's see how right they are with their previous forecasts.
Fortunately, China just took steps to prevent US woes
Investors bought into evergrande thinking ccp will cover the losses if things go sour. Looks like investors are going to be sorely dissapointed.
80% Of Evergrande Bonds are Held by foreign U.S&E.U Banks and Funds.
The C.C.P will pay the 20% Chinese Bonds and let the rest Burn 🔥.
That's why World Media is trying to put pressure on a Dragon Spitting Fire 🔥.
CCP is also hammering on Tech aswell in China
Evergrade have to just sell houses with loss, and pay people back 1-2 year later than planned. This is becouse prices are at max level, and spekulaters have to accept losses on this gambling markeds
Bought more Avax and SOLANA
Of course they don't want to be seen bailing them out…however the reality is that is what is going to happen. They have already injected liquidity into the market, market forces are going to push them (whether they like it or not) to do things that will be seen (rightly or not) as them bailing the company out, even if what they are really trying to do is protect the real estate market as a whole instead of just one company.
Out of 47 large construction companies of China only 4 problem free.
Let them implode. The Chinese real estate market is speculative bullshit. Sooner is better than later
Forex dollar to yuan and short options 🤔
Already DEAD on arrival,,,, why rescuse??? 🤷🏻♂️🤣
This dude is a genius and everything but he could maybe benefit from a Toastmasters class
Everytime he says “uhhh” you drink
Great interview…."Whats the big bazooka that Bejing has that can handle all of this," vicious questions…..I love it😎🙏🏽
All i heard , ummmmmm ….
We will close our eyes then
Chinese Government knew this will happen when they implemented 3 Red Lines
This is strategy to lower prices and property speculations
It was intentionally spread by China 🇨🇳 and many love ones died around the world. That's why the world should stop making business deals with China 🇨🇳 Boycott China 🇨🇳 products and businesses outside China 🇨🇳 in every possible way.
Real wiz when it comes to talking
China is sinking
Well all they have done is build cheap Chinese boxes in the sky its called pouring cheap concrete and charging a fortune for box china was always doomed it's their nature to gamble with everything
Is it too big to fail? Nope.
Will it be bailed out? Nope. What kind of stupid government will do that.
If a private company is incompetent at running and managing the company, it will collapse. Happen all the time. Free market, survival of the fittest.
Can China afford an evergrande collapse? Yes. It will hurt but yes.
Why is Bloomberg even considering bring up the bail out question?
collapse like the soviet union did!