What happens when the world’s #2 economy collapses? It’s been like a slow-motion train wreck. So, let’s look at it now. As mentioned in last year’s blog, the collapse of the Chinese housing development market is colossal. Last year on Feb 4, 2024, I posted that creditors were given the green light to start selling […]
The Chinese Housing Market One Year Later – It’s Much Worse* Read More »
The Risk Management Committee (RMC) appointed by the Chinese Communist Party (CCP) is now in charge of Evergrande. The RMC consists of nine members, six appointed by the CCP, one from one of the state-run businesses, and the remaining members from Evergrande. Last year, China announced the “Common Prosperity for All” program aimed at improving
Evergrande is being Nationalized by the CCP!! Bondholders left out of the picture. Read More »
“History doesn’t repeat itself, but it often rhymes” – Mark Twain The 2008 subprime financial crisis was just a precursor to the greatest real estate collapse in history. At the time of this writing, the Chinese real estate market is collapsing. This market tops out at $6 trillion! This is bigger than all of the
The Next Global Real Estate Collapse is Happening Now Read More »