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2021-10-11 China-Japan-Koreas
"It's A Disastrous Day" - All Hell Breaks Loose In China's Bond Markets
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Posted by Raj 2021-10-11 13:14|| E-Mail|| Front Page|| [349 views ]  Top
 File under: Commies 

#1 Here, there were bailouts. There, it will be executions.
Posted by M. Murcek 2021-10-11 14:56||   2021-10-11 14:56|| Front Page Top

#2 "In Socialism Power makes you wealthy" --until the next Great Purge.
Posted by magpie 2021-10-11 15:06||   2021-10-11 15:06|| Front Page Top

#3 Xi Jinping appears to have given all Chinese real estate developers the green light to tear up their foreign debt. The question all foreign bondholders have is whether this applies to non property-related sectors as well. How about foreign debts unrelated to bond issuances?
Posted by Zhang Fei 2021-10-11 15:10||   2021-10-11 15:10|| Front Page Top

#4 For me the interesting questions then become - if the RE developers welch on foreign debt (Xi gave the implicit green light for that last week), will there in fact be anything left over to service domestically issued debt? And - will we actually hear about it if / when it does?
Posted by Raj 2021-10-11 15:18||   2021-10-11 15:18|| Front Page Top

#5 Chinese companies have been sucking up a lot Wall Street money for the past few years. A nicer class of folks couldn't lose their shirts when Xi directs those Chinese companies to hand over their profits to the CCP instead of Wall Street.
Posted by Floper Clunk9372 2021-10-11 15:31||   2021-10-11 15:31|| Front Page Top

#6 This is merely one part of the many problems China has. Biden's big Daddy is an absent father.Banking system collapse, real estate collapse.30 day supply of coal of poorest quality(costing $10 dollar loss for every kilowatt generated). No power, no water and major crop losses. Building and all sorts of constructions collapsing. Two days work if power available then sent home where they have no food, water or power. Then totally overextended thru out the world.

So what do they do. Direct war talk with Taiwan.

The air is being let out of the puff paper dragon.
Posted by Dale 2021-10-11 15:32||   2021-10-11 15:32|| Front Page Top

#7 if that's the case, watch out
Posted by 746 2021-10-11 15:35||   2021-10-11 15:35|| Front Page Top

#8 Chinese companies have been sucking up a lot Wall Street money for the past few years.

Even though they had years of warning from Trump.
Posted by Procopius2k 2021-10-11 16:09||   2021-10-11 16:09|| Front Page Top

#9 You would not believe how they have adulterated food. I shall never eat at a Chinese restaurant. In China they eat everything. With all their problems now and winter will soon arrive. In all honesty I believe they will resort to cannibalism. People are like blades of grass to them. Chop shops as we have here for babies. I wish my belief was different but all I have seen and read of these people in communism anything is possible.
Posted by Dale 2021-10-11 16:48||   2021-10-11 16:48|| Front Page Top

#10 Soylent Green?

Perhaps an even deadlier virus to cut down on their excess population? Biden and his buddies wouldn't object too much as it helps them hide the billions they have been stealing from pension funds..
Posted by CrazyFool 2021-10-11 17:26||   2021-10-11 17:26|| Front Page Top

#11 Recently saw a video of them collapsing a dozen new but un-used buildings to make room for new buildings. it's hard to get my head around that combined with this news. Maybe the video was older than i thought.
Posted by ruprecht 2021-10-11 18:06||   2021-10-11 18:06|| Front Page Top

#12 Year's ago, about the time of Nixon, we began to get a little too chummy with and connected to China. We are observing the effects of those decisions today.
Posted by JohnQC 2021-10-11 18:17||   2021-10-11 18:17|| Front Page Top

#13 #11 They have entire city built and unused. Construction quality so poor probably better to tear them down. Bamboo for rebar. 1" rebar you can tie into a knot. Pillars from floor to top floor 15 flours up you can stick a screw driver into and it breaks up like sawdust. Inspectors paid off. Contractors forced to cut corners but its been done for so long it has become standard practice. Those islands they built are already sinking. So much has been done incorrectly.
Posted by Dale 2021-10-11 18:37||   2021-10-11 18:37|| Front Page Top

#14 He who is Paper Tiger must not play with match
Posted by Confucius Say 2021-10-11 21:14||   2021-10-11 21:14|| Front Page Top

23:59 Bill Pelosi9116
23:49 Bill Pelosi9116
23:44 Bill Pelosi9116
23:42 Bubba Lover of the Faeries8843
22:14 JohnQC
22:12 JohnQC
21:59 Frank G
21:50 Snakes White6540
21:14 Confucius Say
20:25 SteveS
20:24 Procopius2k
20:10 Frank G
20:08 SteveS
20:02 DarthVader
20:00 CrazyFool
19:49 Yosemite Sam
19:28 Ebbomoger Speaking for Boskone4589
19:13 746
19:07 Bertie Crains2651
18:43 Dale
18:37 Patriot
18:37 Dale
18:35 JohnQC
18:27 JohnQC

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