If you want to win in the business world you either grow as fast as possible or your competitors out produce you out research you and ultimately put compete you.

Wow, thanks for this comment

China China , i hail thine many houses

Sailing close too the wind + a covid crisis changed the parameters of the market. It would have worked if it were not for covid.

There is absolutely such thing as infinite money. What is money? It's a concept. An idea. Are ideas limited? No. But is the demand for money unlimited? No, it is not. If you print an infinite supply, people will lose interest and thus it will lose value. Money is basically just the arbitrary value we've assigned to the things we actually value. Like toilet paper. The toilet paper is worth more than the money. The only thing currency does well is endure. But it doesn't endure forever. No currency endures forever. Diversify your investments. And don't put all of your faith into a single story. Lookin at you, China.

@@lostinbravado And teach us, what is more valuable than money? Crypto?

@@lostinbravado Well then gimme all your money I got some toilet paper for you. Cash only plz no crypto

@@lostinbravado exactly it’s a concept that helps us see the line between the economic classes and the rich love to see the line being pushed further and further away (to space/thanks to Amazon workers) from them.

They had no say in their decision lol

@@Tounguepunchfartbox false, the CCP explicitly told them they could choose to waive or disappear. That’s a choice isn’t it 😅

@@hectoralejandro9883 Imagine a goverment bailing out a large corprate entity because it's too big to fail

who cant see that coming?

Mostly investors, small and big trying to make a killing on margin.

Feel bad for those who purchased property, yes, but they are just the first to feel the pain. Soon all of us will suffer from the outrages greed and corruption of the politically powerful, people the world over are about to see their quality of living drop by half and it will be decades before we scratch and crawl out of this mess.

Most people cannot afford those apartments, only speculators who brought the apartments and left them empty.

America: hold my 30 trillion dept😂

Gee, they have tons of money, why they didnt bought even an ounce of Common sense

This is exactly what drove the housing bubble in the United States, the one that burst in 2008.

just like Crypto, you're looking for a sucker that will pay more for it than you did, and if you can't you'll just hold it until you can....

Continue paying for something that isn't complete, you just give a down payment when you purchase a condo, You don't have a mortgage yet, you don't own. So at most you lose the deposit. But why build so many building and none are complete?

@@gordonlam2757 It's true at most you lose the deposit. There are many Chinese home and business owners mortgaging their houses and business property for a bank loan to purchase these unfinished property.

Meh at people losing deposits, what happens to debt on all the property sitting empty waiting for future higher prices that are never going to happen? Well, never mind the properties, who is going to pay the debt on them? Interesting times ahead for China as if they weren't interesting enough already.

so, its 2008 again?

Except personal bankruptcies essentially doesn’t exist in China in reality, so these homeowners really are stuck in this festering pool of involuntary financial mess indefinitely

Both have their own issues. Even though a conservative company may appear functioning, it fails to take advantage of opportunities. You need balance.

Chinese used to be the most conservative businessmen along with Japanese. At least that was their reputation.

@@Fishmans Sure, if you can borrow money and not pay it back, you can do remarkably well.

geeze I would of never figured it's not profitable ..LOL But looks sooo pretty.

@@psychoaztecs how is it a ponzi scheme? Buyers pick out a flat in a building and put down payment on it and wait till it finishes building before moving into flat. It's no different than New Home Construction in the US. Buyers pick out a lot and put down payment on new home usually 20% then the builder promise to finished building within timeframe. But there's a clause that says in the event unforeseen situation...like the pandemic. The delivery time maybe extended for however long. In Evergrande situation.. The pandemic, lockdowns and supply chain issues have cause the company to stop construction. Eventually bills mount up and the company unable to pay it because no money is coming in.. I see this happening in the US future because supply chain issue causing delays in delivery.

Are these new construction works backed by debt or equity?

@@wyw201 most likely debt, it's a farming town that's been expanded slowly over the last 25 years. I was back in late 2019.

@@BGRUBBIN What led to municipalities collapsing during 2008 in the US is that government infrastructure debt is backed by credit default swaps with financial firms. As such, when Evergrande went down, the fear is that it will drag investment banks and funds down as well. Hope China regulates the trading and formation of derivatives on government debt and bonds.

@@wyw201 just like America did, thanks for the info

@@wyw201 As far as Im aware, this kind of financial gimmickry is banned in china after the 2008 crisis

@@Tounguepunchfartbox 做投资哪有只赚不亏的事，破产倒闭好了

You are right .

Unless the lenders are a couple of guys named tony, mario, chris, lorenzo, paulie, silvio, mikey, or gino then your kneecaps are in trouble.

Call the bankruptcy court...............................BUT NOT FOR ME!

@@stealthmonkey91 worse... the person is named Xi

America: hold my 30 trillion dept😂

Who’s our media?

they are not going to get bailed out. xi will nationalize all the major business with time. going back to mao era

@@1one1won if China falls Amerikkka falls too no?

@@sal88hossain that's still a bailout lol

I've always heard that real estate is the best investment, because it always appreciates.

@@SRR-rh7id it does. Most rich folks made money in real estate because it always go up. In the long term.

@@TheBooban is real estate a superior investment as compared to dividend stocks?

@@SRR-rh7id real estate can go up by like 200% over ten years which is not normal but for growing cities it is and if it goes up by 2000% there's a societal issue as people's income rarely rises at the same rate...while something similar can happen in stocks and its no problem if the business is really growing and your not in a bubble... both have their risks but quick money is stocks and slow money

Brian Mwaura: That's a big part of what happened to banks in the great recession. Though the vast majority of real estate in real (inflation adjusted) terms will LIKELY end up appreciating over time, there can definitely be steep downsides in the short run, in economic hard times. People running real estate empires SHOULD know this -- there's lots of data showing it out there.

1990. The Economist. China's economy has come to a halt. 1996. The Economist. China's economy will face a hard landing 1998. The Economist: China's economy entering a dangerous period of sluggish growth. 1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy. 2000. Chicago Tribune: China currency move nails hard landing risk coffin. 2001. Wilbanks, Smith & Thomas: A hard landing in China. 2002. Westchester University: China Anxiously Seeks a Soft Economic Landing 2003. KWR International: How to find a soft landing if China.. 2004. The Economist: The great fall of China? 2005. Nouriel Roubini: The Risk of a Hard Landing in China 2006. International Economy: Can China Achieve a Soft Landing? 2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing? 2008. Forbes: Hard Landing In China? 2009. Fortune: China's hard landing. China must find a way to recover. 2010. Nouriel Roubini: Hard landing coming in China. 2011. Business Insider: A Chinese Hard Landing May Be Closer Than You Think 2012. American Interest: Dismal Economic News from China: A Hard Landing 2013. Zero Hedge: A Hard Landing In China 2014. CNBC: A hard landing in China. 2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing …. 2016. The Economist: Hard landing looms for China 2017. National Interest: Is China's Economy Going To Crash? 2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis 2021. Global Economics: Has China's Downfall Started?

@@hotchi1566 it could be the beginning of the end rather than the end of the beginning

投资上千亿的恒大汽车

Not really, people in China paid for "real estate" that was not yet built, whereas in most other logical countries we do not buy anything that is not complete.

Which major economies didn't expand on credit ? This is not peculiar to China. Here in Malaysia, corruption is way more entrenched in public and private sectors. Are you surprised that organized crime bosses had become billionaires here and rub shoulder with highest level of government instead of rubbing shoulders with prison inmates? Most of the procurements/borrowings in large companies here were facilitated thru kickbacks. And I am pretty sure all these are happening in the whole of Southeast Asia and throughout the world. To deny is because of ignorance.

@@maxdc4047 Yes most economies expand on credit, but most of them did eventually grow to dominate a market (e.g. japan with medical equipment and US with semiconductors). I can't think of a healthy, innovative company in china that isn't software related.

@@maxdc4047 you don’t see major foreign companies accumulate this much debt like Evergrande has. And expand into creating businesses that has nothing to with its property business. Property development in china accounts for 30% of its GDP, what other major economy has a sector dominate this much? Local governments in china have accumulated $4 trillion in debt in just the last few years and their main revenue source is from property sales, they are not even allowed to levy taxes. How is that sustainable?

@@alainw77 So how great is the difference from province to province that this has kept going without the government intervening that the country got overbuild on real estate.

"great" - i see what u did there...

America: hold my 30 trillion dept😂

1920年代的佛罗里达房产？

@@xiaomeinv7 The Great Depression people in the united states were borrowing more money than they could actually pay back to buy stock on the idea it would go up forever. This isn't unlike Evergrande constantly borrowing more money on land they've bought with the idea from lenders that it will keep going up.

@@polynesianwarrior2166 *debt

That's because those aren't the main issues. It's the 3 red lines to curb the debt crisis, CCP over-exuberance at their successes of handling covid 19, and need for capital to flow into more innovative and national security initiatives that have caused this.

You are just making that up no one believes you.

Are you joking ???..... What are the chances ???.....

@@4evertrue830 you don’t need to believe me but I’m telling the truth

@@MeiinUK I didn’t expect to see him again. He is a low-key guy you rarely see him taking any interviews

We can only imagine :')

Sometimes China will do something that is painfully obviously needs to be done. I paused immediately when i heard that and came looking to see if anyone else did

We can only dream 🛌

It's just a distraction from the scale of the theft. Imagine robbing an entire grocery and having to return only the broccoli.

And 8 months later ..... the crash!

Oh my gawd that's so deep

What will all the drug dealers do? All the muggers and robbers do. What about the assassins and spy's. All the bankers? With all these job losses what would people do?

I hope you are passionate about cleaning streets, unclogging toilets or doing work that is actually essential. It's easy to think in garden of Eden terms when you part of the generation typing from a smartphone.

Ahh i remember going through this phase. Teenage years really are magical

The problem is even debt can be sold they just put a date of 10 or 20 years on it and say put interest on the debt so if the debt is 10 million they will add on 10% extra so now the debt to be paid is 11 million for example and someone will buy it looking to make profit of 1 million lol its crazy

@@Peter-je6td Evergrande bonds trade at like 20 cents on the dollar so your estimate is a bit optimistic.

America: hold my 30 trillion dept😂

@@Peter-je6td yeah and hopefully that works out for the world.. Investors in China, especially those of SOE, need to be wary of this.

It's the holder of most of US debt and developing countries, what do you think will happen????

The USA has the largest domestic debt and accordingly comes to a halt periodically.

this sounds exactly like NFT, but you actually own something.

Wait... he's not!

I can hear the voice

I think the question is if we see a massive crash in real estate or a long and protracted stagnation of the economy. My guess is we see a significant slowing similar to Japanese crisis. Hopefully not a crash and fortunately that looks unlikely.

93年的你买房了不？我还没有

Can someone translate this to English?

Was a bubble. *was*

@@aajohnsoutube still is, even as it deflates.

America: hold my 30 trillion dept😂

Your problem could be your stop loss is too close or you're watching your trades too much. Place it and walk away. Or you could just give up, trading isn't for everyone.

Don't listen to him, don't give up. Trading takes time(months, even years) to master, even the pros learn everyday. Never the less, if you lose money no matter which side you take, maybe you need to look at how you are managing active trades rather than how you are entering them. My advice, find a mentor . And also, try incorporating the use of oscillators, Bollinger and pivot points into your strategy. And most importantly move to higher TFs(4h or 1D preferably), you'll thank me later

You're correct, I don't lose money every single trade, but my main problem is trying to let my runners run. Very rarely do I catch big moves . Instead they go a few pips in my direction, then go against me if when I try holding them. Also my entries could use a lot of improvement. A mentor would be amazing, but getting one is easier said than done. If it's not too much to ask, do you know any legit ones?

I think I have seen this name on a trading forum before, And how may I contact her if that isn't too much to ask

they are makings things even worse by not bailing them out

@@kartikbisht3453 how could you elaborate? Because this bubble has to be burst at some point right? And this is the only way for real estate prices to go back to normal

@@kartikbisht3453 for sure, but the market can't have this safety net of control that is the government. THe 2008 crisis was a giant wealth transfer of tax-payer dollars. It shouldn't be the governments responsibility to bail out greedy CEOs.

@@trolllovindaddy the construction sector is one of the core sectors that drives the economy, for example ssectors like cement steel and nbfc's are completely dependent on the real estate/construction sector and all these setors run on credit lines. A company like evergrande defaulting will lead to tens more defaulting and this will lead to banks failing and that is a red zone for a country

@@adamdin6243 it is still the thousands people invested in the company (who purchased properties) who paid the price of CCPs new regulation not just a single CEO...

quite a true statement you made

@@ThePhuzz well it’s politically communist but economically totally not

Do you think they should bail them out it would be a perfect opportunity to get rid of an inefficient company tho if they dont

And if they didn't then what? It's not a win-win solution, in the end more people would've suffered. China is just stalling for the inevitable...

@@GoGoPooerRangers read my above reply

USA continued to buy Evergrande bonds when issues arose with its debt. Its likely that those bad debts are being offloaded to others like pension funds in CDO's

Chinese real estate...*

Only Chinese economy, but doesn't show slowdown of other economies.

Explain what influence an American company named Gamestop has on the Chinese housing development sector which is 20% part of China's GDP and has faulted on its loans foreign as well as domestic? Pretty normal that the economy is a bit wobbly when a company goes bankrupt that thought it was too big to fail, especially if it's in the highest GDP earning sector and promoter of growth in China

You really need to have a brief analysis on what you wanna invest in carefully before going in

You make it seem unreal to make up to that as a passive income annually, when its clearly possible. I have made over 1Hunred thousand dollars from May till now with no joke game plan. She’s a masterpiece and her name’s Magaret..

@@heidisure5111 Have heard lots of exciting things about this broker lately but have no idea how to reach out to her.Any idea?would really appreciate please

@@micheljackson9027 its quite easy to reach her on tele gram with her user name *investwithmagy*

super idol language omg

true. evargrade is just a hype company.

Hello are you from CHINA ?

Omg, i love bing chilling