evergrande

[lib123]

this shyt is 1 big clusterfukk, one chinese company is affecting everything over here i could understand if it was Alibaba or something but this?!?

EDITED 2 add: I dont know why this company keeps popping up in the cryptocurrency thread on reddit, did they own a chunk of it or not? is this why china sold off a chunk of bitcoin for profit???

Contagion. It only takes $93M inflow/outflow to move BTC by +/- 1%. A credit or stock market crisis will spark a crypto collapse.

 

[ORDER_66]

Contagion. It only takes $93M inflow/outflow to move BTC by +/- 1%. A credit or stock market crisis will spark a crypto collapse.

I thought it was because china sold off a chunk of their bitcoin plunging it into a decline, shyt is crazy this one no name company affecting everything

 

[Pyrexcup]

this shyt is 1 big clusterfukk, one chinese company is affecting everything over here i could understand if it was Alibaba or something but this?!?

EDITED 2 add: I dont know why this company keeps popping up in the cryptocurrency thread on reddit, did they own a chunk of it or not? is this why china sold off a chunk of bitcoin for profit???

they apparently hold tether or something

 

[lib123]

I thought it was because china sold off a chunk of their bitcoin plunging it into a decline, shyt is crazy this one no name company affecting everything

That could be a factor, but the biggest factor is uncertainty surrounding potential contagion. Like the Reddit post says, China will prioritize people losing their homes over $300B owed to investors. Even if that means seizing Evergrande's real estate.

 

[The G.O.D II]

So basically this is there 2008 housing crisis where some company keep borrowing and piling up debt until it collapsed?

 

[Jekyll]

Twitter is ruthless. Apparently they’re makings a payment.

 

[Dallas' 4 Eva]

That could be a factor, but the biggest factor is uncertainty surrounding potential contagion. Like the Reddit post says, China will prioritize people losing their homes over $300B owed to investors. Even if that means seizing Evergrande's real estate.

Yup China's government will actually bail out and look out for its citizens instead of bailing out the crooks who caused the problem in the first place like our politicians.

It's amazing to me the citizens of this country haven't hung our politicians by the neck until they die yet for constantly selling us out and neglecting us.

 

[lib123]

Yup China's government will actually bail out and look out for its citizens instead of bailing out the crooks who caused the problem in the first place like our politicians.

It's amazing to me the citizens of this country haven't hung our politicians by the neck until they die yet for constantly selling us out and neglecting us.

Individualist vs Collectivist societies.

 

[Dallas' 4 Eva]

Individualist vs Collectivist societies.

The American experiment of hyper individualism is a massive failure. Putting individual rights over the collective good was always bound to backfire eventually.

 

[Goombreh]

Sounds like things are under control. Nothing to worry about.

 

[lib123]

 

[Motife43]

Thanks for posting this OP.

Yikes at borrowing from your employees

 

[lib123]

 

[bnew]

 

[bnew]