Garm
kiwifarms.net
- Joined
- Jun 5, 2019
Why do you have to be a resident before you can get social services in a different city?
Evergrande Financial Panic - Corona is not the only Contagion China is exporting
- Thread starter mindlessobserver
- Start date
I am the Muffin Maker
kiwifarms.net
- Joined
- Jul 18, 2019
I mean. I love me some doomsday shit, but Zerohedge has been promising me the end of the world since the blog started.Looks like the kicked can had gone less far then we expected or it had been kicked in the wrong direction. The guys of ZeroHedge claimed then China's worst case scenario is now in play.
"Catastrophic" Property Sales Mean China's Worst Case Scenario Is Now In Play | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
- Joined
- Apr 24, 2020
The end of the world isn't like how it is in popular media. It's slow, boring, shitty, and most people won't even notice.
Super-Chevy454
kiwifarms.net
- Joined
- Apr 2, 2018
I am the Muffin Maker
kiwifarms.net
- Joined
- Jul 18, 2019
True. I've been to India. It's actually amazing how low society/civilization can grind to while moving "forward."
Also, I wonder how much it's the multitude of calamities that's hitting China is more the issue no one seems to be talking about. Evergrande, 3GD (it didn't break but caused massive flooding), energy problems (rolling blackouts throughout the industrial heartland (same in India), crop failures, food prices shooting up, and COVID.
To quote R.E.M.: "It's the end of the world as we know it....and I feel fine".
It's the end of the world and at least I'm in Rome. India, China, and the Middle East will starve before the US does.
- Joined
- Dec 21, 2018
I have no clue why that is specifically, but I'd imagine it has a lot to do with the fact that provinces are pretty much left to fend for themselves. The ccp leaves province funding up to the provinces themselves, and I would assume this includes their socialized health care funding.
- Joined
- Nov 14, 2019
So tell me pal, what would be the scale of a hypothetical 'christmas is cancelled' chimpout scenario?
- Joined
- Aug 31, 2021
Government services don't need to be provided to migrant workers.
Local governments generate revenue through the sale of land use rights. Requiring home ownership boosts demand, and thus prices.
The result was more money for officials to steal. That money was then used to buy up housing in major cities around the world.
- Joined
- Jul 18, 2017
RX-78
kiwifarms.net
- Joined
- Sep 27, 2021
Doomsday fear porn is zerohedge's bread and butter, they'll type up a 12k word article explaining why Elon Musk sneezing will ruin the crypto market.
Super-Chevy454
kiwifarms.net
- Joined
- Apr 2, 2018
If that could cheer you up, Zerohedge's doomsday fear porn stories are more interesting than what comes from HuffPo, Buzzfeed and Vice.
- Joined
- Jul 10, 2017
The common problem with China's ill fortunes is Xi. Who changed the rules so he could overstay his welcome. When the majority of Chinese citizens wealth and savings are wiped out in the housing collapse Xi will probably be escorted off stage. Not the entire CCP mind you. Just Xi. Because he's costing a lot of people a lot of money.
- Joined
- Mar 3, 2021
I think their site needs a byline that's a little more on the nose, yes.
Same in Lebanon, too.
Most of Lebanon loses electricity after power stations run out of fuel
Lebanon's two major power stations shut down Saturday due to a fuel shortage which has resulted in power outages in most areas in the country, according to local media outlets.
But then I'm not even sure how that differs to a usual Friday night in Lebanon, so take that with a grain of salt.
- Joined
- Jul 1, 2017
The best Black Friday deals in history--all TVs, electronics, sneakers, and everything in the store is free. That is, assuming you can find anything in the store because it wasn't there to begin with.
I am the Muffin Maker
kiwifarms.net
- Joined
- Jul 18, 2019
I left out Lebanon because their problems are nothing like what's going on in India or China - and it is not a producer of things we need. Electronics / dishwashers for China and all of the Pharma industry for India.
I'm mildly concerned but not really sure how to act on it beyond making the buys I think I might need to make for the next two years and sit tight.
So if you think you might need antibiotics in the next two years, pay up. And don't get cancer.
Also, weirdly there is a lubricant shortage. But I'll take that over to the supply chain thread.
- Joined
- Jan 17, 2021
For all the doom posting this is pretty significant, but if it blows up (and that's a big if right now) it's anyone's guess what effect it will have internationally.
For starters few have any firm idea how entwined foreign companies are with Chinese RE groups, and whether Xi himself will simply let China's RE market just collapse overnight; he's made noise about letting these companies get what's coming to them, but don't think for a second pride will prevent the CCP from bailing out the peasantry who have invested heavily into the Ponzi scheme - if there's an ability to pin this problem on the champagne socialists, Xi will do it for the sake of the party.
The big issue is what it has on exports. China falls into a major recession (since depression is a dirty word)? You're looking at minimum agriculture and manufacturing taking a hit, mining contracting, and any other resource or speculative sector (lol crypto) bleeding red. It's enough to force western economies into recession, but again it comes down heavily to how invested individual companies are with the domestic Chinese market.
If they aren't it's no major loss, but if they are it's a serious problem. Simply put we have no damn idea, so the best you can do is prepare for the worst. Pray it doesn't happen, because in the current climate it could trigger chaos.
For starters few have any firm idea how entwined foreign companies are with Chinese RE groups, and whether Xi himself will simply let China's RE market just collapse overnight; he's made noise about letting these companies get what's coming to them, but don't think for a second pride will prevent the CCP from bailing out the peasantry who have invested heavily into the Ponzi scheme - if there's an ability to pin this problem on the champagne socialists, Xi will do it for the sake of the party.
The big issue is what it has on exports. China falls into a major recession (since depression is a dirty word)? You're looking at minimum agriculture and manufacturing taking a hit, mining contracting, and any other resource or speculative sector (lol crypto) bleeding red. It's enough to force western economies into recession, but again it comes down heavily to how invested individual companies are with the domestic Chinese market.
If they aren't it's no major loss, but if they are it's a serious problem. Simply put we have no damn idea, so the best you can do is prepare for the worst. Pray it doesn't happen, because in the current climate it could trigger chaos.
- Joined
- May 7, 2021
so we can expect the prices to shoot up on pretty much every chinese export right? they know how much we rely on material from them and they know that american clients will pay significantly more
- Joined
- Jul 18, 2017
Or they won't be available for any price. Debt runs the world and if the Chinese credit market has a heart attack all those factories will be shuttered. They won't be able to aquire the raw materials to build.
- Joined
- Jan 17, 2021
Honestly depends. Not every Chinese company is involved with real estate, but when ~65% of your domestic economy is based on it (compared to ~10% of the American economy) you will be looking at fallout in unrelated sectors. Whether that fallout extends over here is the elephant in the room. American exports will be affected since Chinese demand would slacken, but whether it also translates into increased costs for Chinese exports is anyone's guess (since western economies are constrained more by logistics than actual supply currently).
Only thing you can bet on is that no one knows what's going to happen - and if you haven't already done your Christmas shopping you should probably rectify that very soon.
- Joined
- Feb 20, 2018
Question for anyone to answer that has been floating around in my head for a while.
What happens to real estate markets that have heavy exposure to Chinese buyers/investment?
I'm thinking Straya, NZ, Canada and the US off the top of my head.
Does the whole thing burn to the ground while everyone panics and tries to liquidate their holdings?
What happens to real estate markets that have heavy exposure to Chinese buyers/investment?
I'm thinking Straya, NZ, Canada and the US off the top of my head.
Does the whole thing burn to the ground while everyone panics and tries to liquidate their holdings?