China economic collapse like '2008 global crash on STEROIDS'

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serendipity

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I certainly hope this is not the case but fear for the worst.

A top asset management firm has warned China's economic crisis is going to "get much worse."

Hayman Capital founder Kyle Bass has warned that President Xi's over reliance on real estate has sent its economy tumbling toward 2008-era financial conditions.

It comes as Chinese markets have suffered a $7 trillion fallout since 2021. Over the last few months, Beijing authorities have publicised efforts to stem these outflows, though confidence has yet to pick up.

This is just like the US financial crisis on steroids.
"They have three and a half times more banking leverage than we did going into the crisis. And they've only been at this banking thing for a couple of decades."

He said that the years of double-digit growth China enjoyed prior to the pandemic were made possible by an unregulated real estate market, adding that the market was leaning too heavily on debt to expand.

He said: "The basic architecture of the Chinese economy is broken."

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u200b-a-hong-kong-court-on-january-29-ordered-the-liquidation-of-china-s-property-giant-evergrande.jpg


A Hong Kong court on January 29 ordered the liquidation of China's property giant Evergrande

https://www.gbnews.com/news/world/china-economic-collapse-2008-global-crash-steroids
 
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serendipity said:
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I certainly hope this is not the case but fear for the worst.
A top asset management firm has warned China's economic crisis is going to "get much worse."

Hayman Capital founder Kyle Bass has warned that President Xi's over reliance on real estate has sent its economy tumbling toward 2008-era financial conditions.

It comes as Chinese markets have suffered a $7 trillion fallout since 2021. Over the last few months, Beijing authorities have publicised efforts to stem these outflows, though confidence has yet to pick up.

This is just like the US financial crisis on steroids.
"They have three and a half times more banking leverage than we did going into the crisis. And they've only been at this banking thing for a couple of decades."
He said that the years of double-digit growth China enjoyed prior to the pandemic were made possible by an unregulated real estate market, adding that the market was leaning too heavily on debt to expand.
He said: "The basic architecture of the Chinese economy is broken."

LATEST DEVELOPMENTS


u200b-a-hong-kong-court-on-january-29-ordered-the-liquidation-of-china-s-property-giant-evergrande.jpg


A Hong Kong court on January 29 ordered the liquidation of China's property giant Evergrande

https://www.gbnews.com/news/world/china-economic-collapse-2008-global-crash-steroids
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Bass has been making this claim the Chinas economic collapse is imminent for almost a decade.....he has been wrong all the way up to now.
 
Hawkeye10 said:
Bass has been making this claim the Chinas economic collapse is imminent for almost a decade.....he has been wrong all the way up to now.
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He was right about the subprime crisis and made a fuckton of moolah in the process!!

In 2008, Bass successfully predicted and effectively bet against the U.S. subprime mortgage crisis by purchasing credit default swaps on subprime securities, which, in turn, increased in value when the real estate bubble burst.[SUP][2]
[/SUP]
https://en.m.wikipedia.org/wiki/Kyle_Bass
 
serendipity said:
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I respect your financial acumen. I freely admit I do not understand the whole picture.

Is this because the middle class no longer has money to invest in real estate. So the developers are going belly up?
 
Bigdog said:
I respect your financial acumen. I freely admit I do not understand the whole picture.

Is this because the middle class no longer has money to invest in real estate. So the developers are going belly up?
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no.

its because it all a bubble.

you understand Asset bubble right?
 
This Thread is certainly not far fetched.

China’s economy had a miserable year. 2024 might be even worse

The Chinese economy was expected to recover quickly in 2023 and resume its role as the undisputed engine of global growth. Instead, it stalled to the point where it’s being called a “drag” on world output by the International Monetary Fund (IMF), among others.

https://www.cnn.com/2023/12/27/economy/china-economy-challenges-2024-intl-hnk/index.html
 
You might think a guy living in Thailand married to a Thai woman would understand China a lick...

Apparently that is expecting too much.
 
When the long predicted China crash never happens one might get the idea that launching an investigation into China is a great idea....


Nope.....These fucks never get there.
 
In other news the CCP was supposed to have failed and gone away bout 20 years ago.

Oh, and the Chinese cant innovate so we dont have to worry we were told for decades.
 
Prima gets the nasty down for sure, cant seem to get anything else done around here.

Perhaps he is good in bed.

I tend to doubt it.
 
Hawkeye10 said:
You might think a guy living in Thailand married to a Thai woman would understand China a lick...

Apparently that is expecting too much.
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Most Thais detest the Chinese, they think they are rude, incredibly arrogant and have very little respect for Thai
culture. They are seeing what is happening in Laos, Burma and Cambodia and don't want the same.
 
There is a real argument to be made that we are not looking at collapse so much as a purge. The upper middle class, and the rich in China are in the process of losing everything. It will destroy the dynamic entrepreneurial China, and replace it with something closer to what Mao wanted.
 
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