My take on the Current Market Correction, page-4

First 4 Last

Share
Profile

Follow
G-Zilla

429 Posts.

50

21/09/21

15:54

Post #: 56241689
Share

Originally posted by The_Dread_Pirate_Roberts: ↑

It is not just Evergood (not so grand). It is the entire Real Estate sector that has been overheated for the past 15 years. Evergrand took in customer deposits and now cannot repay those as well as the banks. Several mid-major banks are exposed for over $2 trillion. Real estate has been a casino with investors buying units on speculation. What percentage is speculative is unknown. China real estate is especially opaque.

As to US budget, the Democrats are in a real fix. The more fiscally moderate Dems don't want the $3.5 triollion bill while the radicals have said they will not vote for the $1.5 trillion infrastructure bill currently stalled in the House unless they get the full $3.5 trillion in the other bill.

The US Senate is on a razor's edge. Their only advantage is the Vice President's tie breaking vote. Many senators are very unhappy with the spending and the attempt to re-shape the US economy without a clear mandate, which they do not have.

Biden has stumbled from the start and the Afghanistan debacle has hurt him badly. The AUKUS deal has caused major problems with the EU. he has lost any mandate he had and stands at 40% approval. One cannot believe a word he or his administration says.

Re the upcoming climate summit there is an elephant in the living room.Russia has cut NG deliveries radically and there is no NG in storage. Further, the wind that offshore windmill owners counted on simply hasn't been there for weeks. The UK is in crisis mode and may go to a 3 day work week if they cannot find the power resources.

The Continent is in deep trouble as Germany has decommissioned its nuclear and coal plants. France is the only exception. Extremely low NG stocks add to the risk. If there is a cold winter the entire green energy agenda will have to be reconsidered at the point of pitchforks. Citizens are not ready to freeze in their homes. For every GW of renewables there has to be a GW of backup. With the Greens tapped to win the German elections my guess is that there will be chaos. Ideologues are not pragmatic.

Whether this is a black swan event no one knows. Let's pray we get through it.

Expand

what's interesting for me is how the CCP respond to the obvious social unrest that letting the property side go like it has.

You can't have your cake and eat it too in terms of a communist country playing market. I think the bigger long term issue will be how China restructures its economy and impending Cold War with the west.

LYC Price at posting: $6.75 Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

USL

'Defining moment' for Unico as miner expands Joaquin's mineralised footprint

ASX Market Close: Iron ore prices stay strong; US CPI data due Tues night

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

ASX Market Open: Trump has quickly turned into the boy who cried tariffs | July 15

AII

Inside the depths of Panasqueira: A legacy carved in rock

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $10.00		Change 0.330(3.41%)		Mkt cap ! $9.354B

Open	High	Low	Value	Volume
$9.84	$10.02	$9.65	$74.35M	7.510M

Buyers (Bids)

No.	Vol.	Price($)
1	3000	$9.92

Sellers (Offers)

Price($)	Vol.	No.
$10.00	60555	22

View Market Depth

No.	Vol.	Price($)
1	500	12.000
1	10333	11.000
2	18750	10.600
4	9294	10.500
2	2523	10.400

Price($)	Vol.	No.
9.400	330	2
9.500	4000	1
9.510	14800	1
9.700	42	1
9.740	605	1

Last trade - 16.19pm 14/07/2025 (20 minute delay)

LYC (ASX) Chart

My take on the Current Market Correction, page-4

'Defining moment' for Unico as miner expands Joaquin's mineralised footprint

ASX Market Close: Iron ore prices stay strong; US CPI data due Tues night

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

ASX Market Open: Trump has quickly turned into the boy who cried tariffs | July 15

Inside the depths of Panasqueira: A legacy carved in rock

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

My take on the Current Market Correction, page-4

Top Stories

'Defining moment' for Unico as miner expands Joaquin's mineralised footprint

ASX Market Close: Iron ore prices stay strong; US CPI data due Tues night

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

ASX Market Open: Trump has quickly turned into the boy who cried tariffs | July 15

Inside the depths of Panasqueira: A legacy carved in rock

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News