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SkyRiver
Zeihan on Geopolitics
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Comments by "SkyRiver" (@SkyRiver1) on "The Chinese Housing Crisis: Evergrandeās Bankruptcy || Peter Zeihan" video.
@abhishekprasad000 Wasn't there also something about the way the projects were financed being bled by corrupt officials and middlemen who really had no interest in them being viable?
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@sunburnfm Funny: I thought that there were million of Chinese waiting to occupy units that they paid for that were never finished and were deteriorating.
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"Long walks in large groups" . . . cute historic allusion. Doesn't seem like that could even happen now. But within my lifetime the Chinese had famines so bad that they ate the bark off trees. Maybe long drives in caravans of EVs?
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Recovery rate estimate given on DW attributed to Loyds has been lowered from 3.5 to 3%.
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@landontesar3070 https://www.youtube.com/watch?v=92xrv3IiPlk
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@elrichvolshebnik š¤©
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So, admit it or not, the market even rules the commies. Works out great for them until they get "creative".
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