17-12-2021, 08:58 PM
![](https://i.imgur.com/CLvY2jA.png")
S&P dump evergrande into default!
17-12-2021, 10:14 PM
No wonder some of my funds dropped 
Wherever you go, no matter what the weather, always bring your own sunshine
18-12-2021, 05:42 AM
evergrande is just a small case & starter, many more on the way, property price crash, bond default, stock plunges.
debt is too huge, no money to even pay for interest.
buy 1 free 1 to clear stock, buy 1 get more soon?
just do it fearlessly.
深圳樓盤買一送一！香港樓市前景
朱鎔基之子朱雲來在秘密會議上放話：中國今明兩年債務規模將達到720萬億和860萬億，巨量的債務泡沫一定會破，必定會引發中國人從未見過的金融危機和經濟
debt is too huge, no money to even pay for interest.
buy 1 free 1 to clear stock, buy 1 get more soon?
just do it fearlessly.
深圳樓盤買一送一！香港樓市前景
朱鎔基之子朱雲來在秘密會議上放話：中國今明兩年債務規模將達到720萬億和860萬億，巨量的債務泡沫一定會破，必定會引發中國人從未見過的金融危機和經濟
18-12-2021, 06:02 AM
Following Evergrande like the Big giant fish 'picking' on her flesh into defaults number 7 now.
US corporation went into default for the first time on 16122021 with Biden single handedly raising the Debt ceiling.
![[Image: Screenshot-2021-12-18-at-02-38-53-Nasdaq...-Cyber.png]](https://i.ibb.co/vQz527q/Screenshot-2021-12-18-at-02-38-53-Nasdaq-down-2-7-Long-Stockmarket-CNN-Crash-Cyber.png)
US corporation went into default for the first time on 16122021 with Biden single handedly raising the Debt ceiling.
18-12-2021, 09:11 AM
The real problem is not Evergrande but the whole China property sector.
There is massive oversupply too many developers and too much investor money that has gone into property. ..70%:of household wealth.
This will drag the whole China economy down.
But I can say policy makers did the right thing to fix this although it is rather late.
There is also local.govt debt that depends on land sales to raise funds to service the debt.
I don't think it will affect Singapore much except for a few companies with property development in China.
There is massive oversupply too many developers and too much investor money that has gone into property. ..70%:of household wealth.
This will drag the whole China economy down.
But I can say policy makers did the right thing to fix this although it is rather late.
There is also local.govt debt that depends on land sales to raise funds to service the debt.
I don't think it will affect Singapore much except for a few companies with property development in China.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
18-12-2021, 09:23 AM
(18-12-2021, 06:02 AM)singlon Wrote: Following Evergrande like the Big giant fish 'picking' on her flesh into defaults number 7 now.
US corporation went into default for the first time on 16122021 with Biden single handedly raising the Debt ceiling.
and this ceiling will continue to rise higher and higher. Its a "I owe you better than you owe me" world.
18-12-2021, 10:01 AM
(18-12-2021, 09:11 AM)sgbuffett Wrote: The real problem is not Evergrande but the whole China property sector.
There is massive oversupply too many developers and too much investor money that has gone into property. ..70%:of household wealth.
This will drag the whole China economy down.
But I can say policy makers did the right thing to fix this although it is rather late.
There is also local.govt debt that depends on land sales to raise funds to service the debt.
I don't think it will affect Singapore much except for a few companies with property development in China.
city dev is smarte thsn capitalinvesment .the former wrote off the latter still see 1st
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