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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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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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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average bear market predictor
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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 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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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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