Everyone says “no credit crunch” meanwhile the China HY says the opposite pic.twitter.com/9uGZP9Szrh
— Alessio (@AlessioTMAD) September 21, 2021
The FOMC is deeply troubled by the "unsustainable credit boom" in China… the date? May 2004 @jmackin2 pic.twitter.com/ujwZTW5t1z
— Dario Perkins (@darioperkins) September 21, 2021
"S&P does not expect Beijing to provide any direct support to embattled #Evergrande" https://t.co/aBil8gaZ7N
Evergrande has 669M USD coupon payments remaining this year! pic.twitter.com/0Sea9gHc0I— Henrik Zeberg (@HenrikZeberg) September 21, 2021
An example to illustrate the extent of real-estate overweighting for a typical Chinese city resident, and why Chinese government is trying to pull off a soft-landing for their property market:
some random 30yo in Shanghai whined about her "poor" life on Sept 5,2021. pic.twitter.com/vRTXyJHeU3
— BɅRTON (@Barton_options) September 21, 2021
🇨🇳 S&P downgrades Chinese developer Sinic Holdings’ long-term issuer credit rating to CCC+ from B and places it on CreditWatch negative as it sees “substantial risk” over the repayment of its $246m note due Oct. 18, according to a statement. pic.twitter.com/i4MGmDhFoV
— Christophe Barraud🛢🐳 (@C_Barraud) September 21, 2021
💯 Jim knows what he's talking about, it pays to take note https://t.co/E3s7PHGfLO
— Emma Muhleman CFA CPA (@EmmaCFA1) September 21, 2021
Not contagion
Not crisis
Not Lehman
Not 2000
Not stagflation
Not tapering
Not QELMAO the mainstream media
— Alessio (@AlessioTMAD) September 21, 2021