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HKim0072
China Observer
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Comments by "HKim0072" (@HKim0072) on "China’s Worst Money Crisis: The $3 Trillion Trust Industry Keeps Collapsing" video.
Ok, let's use our brains a bit... - Real estate collapsing. Bond valuations have gone to zero for many companies - Stock market flat - Government bonds have increased in value due to interest rates dropping Now, these trusts are "promising" returns 2x the government yield. They have to be in risky assets. It's just basic math they were in real estate or real estate bonds.
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@arfajob4246 Yeap, it's probably some random middle level CCP bureaucrat who has visibility on asset ownership across local governments, state owned banks, etc. Would be fascinating to see the books.
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If I were the CCP, I would implement a special internet sales tax. The risk to commercial real estate market is even bigger than the residential one. Force consumers to shop in brick and mortar vs online.
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@icosthop9998 Even out the cost proposition for the consumer. (you seriously like consultant verbiage better?)
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Never apply western rule of law to autocratic regimes.
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