FinTwit's going nuts: https://twitter.com/search?q=Evergrande&src=typed_query
"WHY ARE WE WATCHING FOOTBALL WHEN EVERGRANDE IS IMPLODING"
Good video clip on it: https://twitter.com/Reuters/status/1439811556792049674?s=19
$305 billion AUM. China is staring down their own 2008 Great Recession event. If the commies don't bail this bank out (lol), the Eastern world's economy is FUBAR.
Remember Michael Burry, the neurodivergent guy from The Big Short who made boatloads of cash from predicting the housing CDO bubble? Here's what he's saying
Bad news for the global economy, good for Dramacoin
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How do I profit from this?
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buy longs on the company that manufactures anti-suicide nets
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Start a chinese rope manufacturing company
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But how to stop workers from necking with your own product long enough to establish market share?
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Use Uighur labor. Suicide sends them to Jahanam
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If you're hearing it first on r/Drama after it was all over Twitter, Wall St. probably already beat ya to it.
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I'm still trying to figure out how the superstonk r-slurs think this is going to trigger GME to MOASS.
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they think reverse repo means that banks lack liquidity so that it going up = MOASS. Also something about ComputerShare
I mentioned it on another post but GME's basically a quant playground and tends to just do whatever it wants. It only had a 6% drop today, which by GME standards is just a slight hiccup of a day.
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The SCMP was running articles about evergrandes inevitable collapse last Monday.
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Darn, you caught it early. Do you work in the Asian markets?
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Fintwit's been talking about Evergrande for a little while. The post from InArteCarloDoss or whoever isn't his first on the matter. There was also that conspiracy theory about Tether being backed by Evergrande commercial paper.
When the bond yields spiked to like 50% or whatever, a bunch of people took notice
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No I just read the South China Morning Post.
https://scmp.com/business/markets/article/3148457/china-evergrandes-restructuring-quasi-unavoidable-amid-distress
8 days ago. I guess that’s not quite missing debt payments. But it’s distress has been in the news.
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Invest in dramacoin.
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Defense industry lol, if the economy explodes Xi is either going to invade Taiwan or India to not get walled.
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if I was a spiritual Jew I’d offer you a 10:1 bet that china won’t go to war in the next two years (really not seein it...)
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Xis options if the economy collapses are war or try to survive the CCP infighting which losing could get him walled. If 75% of the gang of 4 can get thrown under the bus to whitewash Mao some Saudi prince can get Xi's liver
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What makes you think Xi will be killed lol? No Chinese leader is going to execute his predecessor lol, they want to be a superpower now. Not rando banana republic #2345.
If anything a crisis always helps leadership. I've never seen people deepthroat their governments as hard as they've been doing since the memedemic.
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Did you see people deep throat the feds during the 08 recession? I've never seen people hate the government more than then.
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Really curious
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Really activates the almonds.
https://i.ibb.co/27sqmPN/57634bbda608.webp
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The Big Banking Gay Pride float is so disgustingly cynical that it always makes me laugh
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Ditch the Jew bad shit and this is a pretty good red pill on identity politics in the media.
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big if true
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lol, I've never noticed the jew thing in the bottom corner before. Is that an edit?
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They have played us for absolute fools! but unironically
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Idpol didn't spring up from nowhere lmao. Idpol has been a central component of American politics since literally the very start.
I feel like this is a common anti-establishmentarian talking point and only finds purchase amongst idiots and the 'I'm 14 and this is deep" crowd.
Funny enough people only started taking notice when the zeitgeist shifted and anti-racism became a more mainstream view. But yeah, white rural idpol has been the bread and butter of the GOP since at least the 1960s, and they started flirting with it in the 1920s.
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And the ruling class used that brief moment of leftist upheaval to permanently neuter western socialism by turning it into pink capitalist woke nonsense. Don't underestimate the ability of entrenched rulers to direct public anger at bullshit.
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They were so angry at the bailout, they re-elected Obama.
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The public doesn't have a four year attention span, but if it'd happened a year or two later he would've absolutely lost
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Oh I know. Just sayin that votehogs crying about X doesn't really signify much. If their politicians can't spin their way out of a blunder, the voters will find some excuse to rationalize the blunder away.
If he was capable of pushing a bailout before the end of his term, then he would've won if that crisis happened a year or two later.
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See normally this is what I'd think would happen if the whole population was placed under house arrest for months. That's the reason no one dared to implement such measures during the Spanish flu or w/e, people would start lynching state officials.
There's this game called tropico, you can use media to increase liberty and liberty happiness while enacting laws that reduce it(like banning protests) and end up at the same point. The elites are playing that game IRL and it works.
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The Soviets totally never gaguld and black listed people to officially redeem them years after they died lol
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No soviet premier was ever killed in office. That sets a very unfortunate precedent for whoever's doing the killing at the moment. People who have any foresight, ie non african/lat american dictators don't do that, for that reason.
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The Soviets mostly stopped after Stalin. Even the Chicoms, after grinding the protestors to paste in Tiananmen Square, didn't kill Zhao Ziyang
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China can not take taiwan currently without getting a very bloody nose. Short of Taiwan simply not fighting back China is going to lose a shit load of lives and equipment in a war vs taiwan.
It'd be even worse against India. I don't really see how starting 2 conventional wars China is likely to struggle pretty badly with would be good for him.
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if it collapses then sure
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hope you're right
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R-slurs take their investing advice from wsb, real investors go to rdrama.net
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Absolute mad lad. I want to check in a month to see if this would have actually made money, lmao.
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china doesn't really have a history of invasions tho
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Except for invading Vietnam Tibet and India lol
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Offer glorious leader Xi your bussy to take out his frustration upon in exchange for North Korea.
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The only relevant question at this time.
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unironically buy the dip. timing the market gets memed on but theres gonna be a serious crash in the near future
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wat to buy though? 🤔
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some index fund. checking on your stocks every day is no better than a middle aged woman playing candy crush
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Some chinese
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Just get in the money LEAPS on an index fund and go as far out as you possibly can. Just get a strike that doesn’t have some atrocious spread and go off that. I have an “emergency stock” fund just sitting there waiting for time when the market looks like it’s on fire.
We’ve had bear markets before, sure, but modern economic theory is here for the foreseeable future in the west; we’re gonna just have constant inflation for the indefinite future. Might as well ride it.
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So when's the bottom of the dip? Might have to... time the market
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Chink company. It is very risky
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Find the trading partners of Chinese construction companies that seem particularly vulnerable to a down turn in Chinese construction. And then short sell them.
Like this - https://nasdaq.com/market-activity/stocks/cat/real-time
Now that's already being done. So you're gonna need to double down. Be like "it's not just these one motherlovers, all of China's gonna Titanic in this b-word."
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Well if you want to gamble there are probably places to short various china exposed markets. But I wouldn't call it free money. Can't ever count on the chinamen not pulling something out of their asses.
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buy puts before the next opex unwind, buy index calls in a bit, sell some puts on low margin stocks ~weds/thurs
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I am gonna be the counter voice here for the fun of it. No China won't collapse, they are gonna use this as propaganda for why it is a bad idea to allow companies to get too big for the next hundred years. Also some heads are gonna be rolling.
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Literally, with a 9mm bullet inside.
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And then the deceased's family will be charged for the bullets.
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Perhaps he's wondering why you'd shoot a man before cutting his head off
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kitty
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Chinese people don't need to overcompensate for their small di.....wait a second!!
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Also, bullets that small don't roll your head (unless you're a fetus). If you want to decapitate someone in China, gift them a motorbike.
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Characterizing facts as propaganda is extremely dramapilled, keep it up!
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A valid opinion, friend.
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If this causes their economy to shit the bed, even if they don't collapse, then they will attempt an invasion of Taiwan within the next 5 years, 10 at most.
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That's the thing. It likely won't as per what I have heard on the grapevine so far. The thing is the eastern economy will start slipnsliding though but overall China is at a level where they can afford to break it off at this level to insure it never gets bigger than that. Sort of a fixing things one moment before disaster to remind everyone why they do it event.
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I did a little more reading into the subject and I see where you're coming from:
https://ubs.com/global/en/asset-management/insights/china/2021/china-three-red-lines.html
They're finally going to attempt a deleveraging while at the same time making an example of those who obtained wealth and power outside of the purview of the CCP.
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The "Eastern economy" is the underdeveloped part of the Chinese economy, i.e. the more rural parts. Letting it slip basically means letting the wealth gap expand even further, which has been a huge concern for the Xi administration.
If this shit actually results in something, it is absolutely not kosher. It will be worse than June 4th, especially in the long run.
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This guy gets it
https://i.ibb.co/BZQwvFN/d23eb1927416.webp
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as opposed to what? Smugposting on Twitter? That'll help
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Patrician multitaskers can watch football and get drunk while watching the world burn
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it's called picture-in-picture and I paid good money for it back in 2005
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I used to play Resident Evil 4 in Picture in Picture so that way i wouldn’t be as scared
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the guy is a meme account
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It's unironically patriotic to take the hit to your investment accounts (imagine not having five figures of cash minimum at all times to avoid having to sell stock ever) in order to frick over China
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I sold before all of this hit kek
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oh no no no no no
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Today BABA dropped more than a leveraged ETF did. I don't get how people still buy into these pump and dump schemes. SoftBank bought into DiDi for... some reason.
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I hope they nationalise everything and start Red Scare round II.
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Remember how twisted the panties of prehistoric Chapos got when we bailed out Lehman Brothers? This time, it's the actual Communist Party of China making that decision. This is gonna get real interesting.
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And the CCP is doing it for Chinese landlords, Maoists BTFO'd
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Swallow subsidies next
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Many such cases
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SAD!
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