Comments by "Kenz300 x" (@KJSvitko) on "China's Property Bond Crash Spreads as Homebuyers Revolt" video.

  1. Lie, cheat and steal is all too common today. Greed and selfishness is every where. You can not trust people, businesses, or government to be honest and truthful. Parents and teachers stopped teaching children the "golden rule" 40 years ago and now honesty and caring for others keeps declining. Society and business can not function if no one can be trusted to tell the truth.
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  2. China's economy is in slow decline. The virus lock downs will speed it up. Lower GDP, higher unemployment, property developer bankruptcies, small and medium businesses going broke, local governments running out of cash, local banks running out of cash and individual personal despair of the population will lead to lower consumer spending.
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  3. The virus is endemic around the world. It can not be suppressed. Closing down every city will bankrupt small businesses and add to the already high unemployment levels. The supply chains are broken. Closing down will encourage more people, companies and investors to leave China. Property developers are going bankrupt hurting employees, suppliers, local governments, bond holders and customers. This will ripple through out the whole economy.
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