Daily Price Movement / General Discussion, page-30095

Dude it's still possible. Pretty sure Michael Burry deletes his account after every post haha

There are still multiple Chinese real estate developers up shit creek right now. They are being given capital infusions by investors for no other reason than to pay off their debts.

It's not being used for building or expansion of any kind.

Basically it's like having a whole industry full of Flight Centre's, with absolutely massive debt, that are being kept alive on fumes. Except these companies don't have an optimistic industry revival that's predicated on Covid restrictions easing and low operating costs and quick turnover to jump back into action.

These companies are at the absolute height of their market's hype (real estate market) and yet they're still at risk of default??

They truly do pose a threat and shouldn't be ignored just because the assfaces at Evergrande reached a deal to make their next payment.

CCP won't bail out more than one of them most likely.