Comments by "Samson Soturian" (@samsonsoturian6013) on "Why China’s Evergrande Has Global Markets on Edge | WSJ" video.

  1. Biggest private enterprise bankruptcy in Chinese history. IT IS A BIG DEAL.
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  2. On average Chinese companies borrow twice what US companies do (measured by debt to equity ratio), and US businessmen aren't exactly known for a prudent fear of leverage.
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  3. What a waste of resources.
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  4. Uh... What you mean? You build a house and rent it out that's a legit real estate investment.
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  5.  @donniebunkerboi9975  do you have any idea what a market bubble is?
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  6. Spam
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  7.  @benjamindover4337  not really. Capitalism in Communist China is weird. There are party members in executive positions in private, there are publicly traded state owned enterprises, the state will buy large amounts of shares in many businesses, they have the world's largest sovereign wealth fund that invests state money in private business, there are often several state ventures doing the same thing to produce private-enterprise style competition, and state owned enterprises can quietly ignore bans on monopolies.
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  8.  @benjamindover4337  how wut turn out?
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  9.  @benjamindover4337  I'm from Kansas, fool
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  10. Not so. Evergande was selling "wealth management products" to anyone that would invest and it was even a condition of employment to invest in the company. They also sold bonds which ended up in pension funds, and most of their money came from PRESALE of houses which are no longer being built.
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  11.  @perthpete7906  depends on your definition of poor, where you're buying, and how big a house you need. And even so, buying a house only makes sense if you intend to live in one place indefinitely. Also, even big corporations pay rent when it suits them.
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  12. Or perhaps the sources you read simply happen to be American.
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  13. Did you not watch the video? Beijing enacted rules to curtail excessive borrowing and Evergande broke them all and could not borrow more.
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  14. That makes no sense.
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