possible black swan
Evergrande: Why the Chinese property giant is close to collapse | Business | Economy and finance news from a German perspective | DW | 14.09.2021
This will definitely relieve real estate pressure in China and with a collapse of this major investment group willrelieve pressures on global real estate markets as well. I suspect that is the sound of a bubble bursting…
Why a debt default by China’s Evergrande could threaten to crash global markets, why a former Fed official is warning of an imminent financial crisis the Fed is unprepared to stop, why large-cap stocks continue higher, why Morgan Stanley is cutting their GDP forecasts, and a look at the credit markets.
Is this the financial collapse we have been preparing for?
I don’t want to give the PTW any ideas, so I am reluctant to mention this.
In my mortgage documents there is a clause that says the mortgage provider can call my mortgage at any time it desires. Do all mortgages have this clause or did I get “lucky”? I figured they would never invoke this clause because why would anyone get a mortgage afterwards if your house could be taken at any time? In a systemic collapse event I think this could come into play. My mortgage has very little left on it, so if this happened they would get most of the equity in the house and I assume that I would be scr*wed.
It is interesting to see this event in the geopolitical perspective.
I have the feeling the CCP is playing the same card again. They learned from last year that by being the first in facing the inevitable… they will be the first out and ahead of everyone else.
That is what they have done with Covid… and now I have the suspicion that this will be repeated on the economical front.
Also I am observing over the past month a trend to old communist policies again. What, if the CCP thinks that a brief but controlled economic earthquake can be turned to consolidate power – internally and externally.
The west is busy with Corona and with the Afghanistan debacle. An economic earthquake would send shock-waves through the logistic supply chains who are anyway stressed to the edge at the moment.
Wouldn’t it open an opportunity to take home Taiwan when America is busy with whatever mess they are in???