Sep.22 — James Sullivan, head of Asia Pacific fairness analysis at JPMorgan, discusses the debt disaster at China Evergrande Group and its implications for the area’s markets. He additionally talks about Federal Reserve coverage with Haslinda Amin and Rishaad Salamat on “Bloomberg Markets: Asia.”
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China bail out Evergrande
America jail in lehman brother
There is no risk. The FED has your back.
What about these massive Chinese ghost cities that are already falling apart because of shoddy construction before a single person has moved in? The speculation on the Chinese real estate market is a ticking time bomb,
i pray to Almighty GOD evergrande and china itself collapsed as soon as possible.
Thinking too small. CCP is tanking it's gaming, tech, education, and real estate. This will result in trillions, not billions, of loss to the Chinese and global market. Banks will be affected as they use real estate as collateral and real estate is predicted to go down 10-20% immediately. CCP will tank then nationalize all their industries.
This ain’t true, they are on budget from helping the Taliban. Like a few weeks ago it was about that…they are helping their new allies the Taliban.
Bought more Avax and SOLANA
THE CHINESE GOVERNMENT MUST PUBLICLY EXECUTE THE TOP ECHELON OF EVERGRANDE ASAP
Dear Mr Sulivan,
Don't assume this is not the start of a systemic breakdown. Evergande's extreme levels of debt and high turnover are quite common in Chinese real estate and there are corporate bankruptcies every day of the week in that sector. Housing costs are artifically high, ghost cities are not common, and so are unused skyscrapers. To be fair, it's been like this for a while.
The rich sees an economic crisis as a garage sale also the rich stays rich by investing and diversifying their portfolio with stocks, Crypto currency and Forex trading which is the wisest thing every individual needs to do and it's real profiting.
@4:12 "e..i…yagibdazeminagubida"
O V E R P R I C E D
borne of Greed and Deceipt
LOL TAPER AND RATE HIKES ARE NOT POSSIBLE BECAUSE OF NATIONAL DEBT
JP Morgan James Sullivan is LYING through his teeth.
He's trying to stop people bailing out.
Evergrande will cause a mass problem, Beijing will not bail it out.
James is lying or knows far less about China than he thinks.
James Sullivan looks uncomfortable and fed up because he cannot tell the truth on television even if he wanted to.
PEACE
PROSPERITY
BONANZA
FREE THINKING
HUMANITY UNITED
PEACE
PROSPERITY
BONANZA
FREE THINKING
HUMANITY UNITED
not systemmic. Have you seen what they are building. This is only systemic. It is just the tip of the underdress of the princes ^__^
Is that bose?
Let all corporations get big enough so the tax payers bail them out. "Borrow $1,000,000, it's your responsibility. Borrow $1,000,000,000, it's everyone's responsibility."
Glad to hear a different point of views.
could anyone tell me how many times China collapsed on tv?lmao~
Is Evergrande a redux of synthetic CDOs?
No one knows the loan loss rates for Chinese banks. They make loans to money losing operators indefinitely. "Creating a more affordable housing market" is impossible unless prices fall by 50% or more. The average income for a middle class person in China is $12,000 a year. Real estate prices for smaller market cities is over $1,000,000 for a junk property.
When they say "Don't panic" you better be preparing for war
I thought the CCP claimed recently that they officially ended poverty. Why would they now be concerned about common prosperity unless they were not truthful to begin with.
$ibn icici bank
They’re not bailing them out. They’ve said this for months. They’re only going to take care of domestic spill over. STOP buying ccp stock.
Invest money US dollars in Communist China. Brilliant!
I like whatever he said.
Did they forgive the debt yet?
I have about 5% of my portfolio in uranium stock any advice on any other stock that I can grow my $300k capital to a million dollars?
People are missing the point re contagion, the point is this company has NEVER reported a loss. How many other Chinese companies financial records are a work of fiction? Eg Are the financial assets on banks balance sheets really recoverable? Im sure auditors would end up in prison if they did their job in a way that the CCP didnt like.
There is never just one roach.
quite sure jp morgan is selling the assets right now
Evergrande debt is more than the GDP of HK. It's very wrong to see the Fed print trillions of dollars to up the stock market.
James wants to continue to do business in China, he's sugar coating his words and being overly optimistic
WW3 is definitely going to happen now!
Oops, I accidentally listened to Bloomberg. Bad algo bot, bad.
Inspite of such injustice ordinory chinese investors cannot even protest against Evergrande as they may get murdered like Tiananmen, uighurs, Tibetans, Hongkongers