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+----- Thread: Evergrande (/showthread.php?tid=10835)
Evergrande - Blue Baggie - 26-11-2021
It's gone quiet, but it's all gonna go pear shaped very soon.
Inter Milan owners are in trouble as they have interests in the Evergrande group.
We must assume Lai company is in the same situation. It could be good news for WBA as they may have to sell to the highest bidder.
RE: Evergrande - Dingle-Dingle - 26-11-2021
Thought Gouchan`s mob were Palm. Or are they under the same umbrella.
DD
RE: Evergrande - Blue Baggie - 26-11-2021
(26-11-2021, 19:07)Dingle-Dingle Wrote: Thought Gouchan`s mob were Palm. Or are they under the same umbrella.
DD
They all have fingers in one another's pies.
But $300 Billion dollar debt mountain is one hell of a problem.
The whole of China and many investors around the globe will be in the deep stuff.
Evergrande have been selling assets off for 20% of their value to try and pay just the interest payments.
But alas bankruptcy has now been applied for.
Watch this space.
RE: Evergrande - Salopbaggie - 26-11-2021
(26-11-2021, 21:03)Blue Baggie Wrote:(26-11-2021, 19:07)Dingle-Dingle Wrote: Thought Gouchan`s mob were Palm. Or are they under the same umbrella.
DD
They all have fingers in one another's pies.
But $300 Billion dollar debt mountain is one hell of a problem.
The whole of China and many investors around the globe will be in the deep stuff.
Evergrande have been selling assets off for 20% of their value to try and pay just the interest payments.
But alas bankruptcy has now been applied for.
Watch this space.
The issue is much bigger than this though, if China start to call in loans the USA owe Chinese investors, well in excess of $1 trillion, if they call in al those loans at the same time then the USA will be up there without a paddle as well.
RE: Evergrande - Dingle-Dingle - 26-11-2021
(26-11-2021, 21:23)Salopbaggie Wrote:(26-11-2021, 21:03)Blue Baggie Wrote:(26-11-2021, 19:07)Dingle-Dingle Wrote: Thought Gouchan`s mob were Palm. Or are they under the same umbrella.
DD
They all have fingers in one another's pies.
But $300 Billion dollar debt mountain is one hell of a problem.
The whole of China and many investors around the globe will be in the deep stuff.
Evergrande have been selling assets off for 20% of their value to try and pay just the interest payments.
But alas bankruptcy has now been applied for.
Watch this space.
The issue is much bigger than this though, if China start to call in loans the USA owe Chinese investors, well in excess of $1 trillion, if they call in al those loans at the same time then the USA will be up there without a paddle as well.
Where`s JP when you need him??
DD
RE: Evergrande - wba1978 - 27-11-2021
(26-11-2021, 21:23)Salopbaggie Wrote:(26-11-2021, 21:03)Blue Baggie Wrote:(26-11-2021, 19:07)Dingle-Dingle Wrote: Thought Gouchan`s mob were Palm. Or are they under the same umbrella.
DD
They all have fingers in one another's pies.
But $300 Billion dollar debt mountain is one hell of a problem.
The whole of China and many investors around the globe will be in the deep stuff.
Evergrande have been selling assets off for 20% of their value to try and pay just the interest payments.
But alas bankruptcy has now been applied for.
Watch this space.
The issue is much bigger than this though, if China start to call in loans the USA owe Chinese investors, well in excess of $1 trillion, if they call in al those loans at the same time then the USA will be up there without a paddle as well.
The US would go to war before they repaid those loans...
RE: Evergrande - Blue Baggie - 27-11-2021
(27-11-2021, 00:35)wba1978 Wrote:(26-11-2021, 21:23)Salopbaggie Wrote:(26-11-2021, 21:03)Blue Baggie Wrote:(26-11-2021, 19:07)Dingle-Dingle Wrote: Thought Gouchan`s mob were Palm. Or are they under the same umbrella.
DD
They all have fingers in one another's pies.
But $300 Billion dollar debt mountain is one hell of a problem.
The whole of China and many investors around the globe will be in the deep stuff.
Evergrande have been selling assets off for 20% of their value to try and pay just the interest payments.
But alas bankruptcy has now been applied for.
Watch this space.
The issue is much bigger than this though, if China start to call in loans the USA owe Chinese investors, well in excess of $1 trillion, if they call in al those loans at the same time then the USA will be up there without a paddle as well.
The US would go to war before they repaid those loans...
The USA have lost its superiority when it comes to the arms race. Unless it already has Mach9 rockets.
The Russians have demonstrated nobody can prevent them launching a nuclear strike.
Have the yanks now become 2nd in the arms race, I'm not so sure - they probably already have WMD we have not seen yet.
Problem is Putin can do what exactly as he likes in Europe now, don't expect the yanks to help out.
RE: Evergrande - Blue Baggie - 06-12-2021
Evergrande on the brink.
After selling Yachts, pent houses, art work and shares they have finally admitted they can't pay the interest on its loans.
The founder has been summoned to appear before the communist party and explain why he has brought shame on himself and the company.
Don't suppose we will see him again.
The melt down begins.