All there savings are in real estate and real estate is crashing (edit this is what I’ve gathered from little info and is a very basic response do more research if interested)
MaryClark7769 on
It’s all a bit chaotic, isn’t it?
Conscious-Bee-5691 on
I hate your Picture
FarrisAT on
Keep in mind they reworked the survey methodology in January 2022 for the Consumer Confidence and this caused the huge drop you see.
Before the January 2022 reworking, the survey put no weight on future expectations. They only asked about current conditions.
KnightMollo on
Can’t say it’s a crash already. Just not much confidence with more high potential economic growth compared with what happened in decades. Even the most bullish bulls won’t predict that will continue for decades. So people are saving in case there is a real recession happening.
SnooRegrets6428 on
Do you trust anything that comes out of China?
FinalCountDown2Moon on
They went from being 122% confident to 90% confident
DrunkenMonks on
No one knows. If anyone says otherwise, they are BSing.
-darknessangel- on
Welcome from being away under a rock! 👍
LV080606 on
Xi fucked everybody’s shit up over there and gave us the Kung Flu all because he’s an asshat. Bro thought he was actually somebody
MajikoiA3When on
People’s last bastion of holding wealth which was property collapsed. High unemployment and it’s even worse if you don’t count those making under minimum wage as delivery drivers/flexible emplyment. Negative foreign investment this year because of Xi and COVID fiasco.
Prestigious_Yak23 on
2008 dobbs? Chinas facing that X100 because they built without butters to prop up the economy a house of cards
stockpreacher on
Have you heard of “the news”.
Super interesting hack that let’s you know what the fuck is going on.
softwarebuyer2015 on
i dont know but it look like it happen 2 and a half years ago.
SpanishPikeRushGG on
State planning baby
catbulliesdog on
I wrote a bunch of DDs about how fuk China is, then they managed to delay the reckoning by three years. Which makes the coming revolution worse. CCP is cooked, but right now they’re firing money bazooka so calls.
Longjumping-Ad8775 on
I think there is a real estate crash happening there.
I’ve been reading where they appear to be buying lots of gold.
I got nothing beyond that.
datsundere on
Idk man alibaba is shooting up
Temporary_Ad_5947 on
The Chinese seem to have a long standing history of making decisions, that on the surface, are good but taking that decision to the extreme. This leads to unforeseen fall outs.
Killing a bunch of birds.
1 child policy.
Massive investment into real estate.
Lock downs.
It will be interesting to see how today’s decisions play out over the years.
4score-7 on
A lot of money shifting out of the country to elsewhere. US stocks and US residential real estate continues to gain from it.
imposta_studio on
Article came out on xi killing the financial sector and white collar workers. It’s a good read.
SpezJailbaitMod on
Looks like consumer confidence is down.
fakenatty1337 on
Housing crisis.
More then 50% drop in value in alot of cities.
Source : Got family in china and work in a chinese restaurant full of chinese employees.
ankole_watusi on
Gee, could it have something to do with witnessing huge half-built housing blocks being torn down before they’re ever completed?
Was that in the five-year plan?
Infinite-Chocolate46 on
1. Housing crash
2. Plummeting foreign investment
3. Geopolitical tensions with the US and lesser extent the EU
4. Central government was previously unable, or unwilling, to launch a massive stimulus to shore up the economy
Difficult_Fig_1582 on
It’s China. Who knows
SundaySpieth on
Confidence hasn’t improved since the Shanghai shutdown
x2network on
China has too many smart people not to figure out a solution. They will come back.. 🐉
ohnonoahno on
Despite this china bull etf up 30% today after announcing next stimulus
snowdoggieii on
The real-estate prices were insane for what amounts to leases. There was no rhyme or reason to the pricing or valuation. A tiny condo in shanghai 5M USD? Why the F would anyway buy that when they can buy SF NYC or any other place? The only ones were those already rich and have disposable incomes and they kept the party going keeping prices high for no reason when the average chinese person cannot afford anything close to that.
Then like what the diamond industry did to the US, capitalism made it so that if a chinese man wanted to marry a chinese woman you need to buy a house as a requirement. So these kids/parents of the groom would be mortgaging their own houses so that they can afford to give it to their sons to get married. Since the 1 child policy there are tons more men than women so the women made it a requirement to the relationship. Chinese women was never like this before, but they take their cues from western media and became what it was. So people are getting married because they have a piece of paper (or red book) saying they own a house even if the house is being built and not constructed yet. Why? Because capitalism, 1 child policy, social media and western influences.
So what do these corps do? they follow the money and kept building as fast as possible. And what does the supplier do? make more building materials sometimes at sub par standards to crank out as much as possible.
Combine that with the global cooling of economies and trade. Aggressive stance on their neighbors and predatory “joint ventures”, belt and road, lending money/building infra for poor nations to entrap them and COVID. It was a thousand cuts, some deeper than others, but they all contributed to this. And technically unlike US 2008, China has not crashed yet but it is a slow moving train wreck. Could they save it? Yes but it would take a lot of capital and pain.
I am not sure how to trade this, you need good builders but this crash will impact them as well… the only thing I can think of is maybe heavy industries and war/defense.
31 Comments
Housing crash in China atm.
All there savings are in real estate and real estate is crashing (edit this is what I’ve gathered from little info and is a very basic response do more research if interested)
It’s all a bit chaotic, isn’t it?
I hate your Picture
Keep in mind they reworked the survey methodology in January 2022 for the Consumer Confidence and this caused the huge drop you see.
Before the January 2022 reworking, the survey put no weight on future expectations. They only asked about current conditions.
Can’t say it’s a crash already. Just not much confidence with more high potential economic growth compared with what happened in decades. Even the most bullish bulls won’t predict that will continue for decades. So people are saving in case there is a real recession happening.
Do you trust anything that comes out of China?
They went from being 122% confident to 90% confident
No one knows. If anyone says otherwise, they are BSing.
Welcome from being away under a rock! 👍
Xi fucked everybody’s shit up over there and gave us the Kung Flu all because he’s an asshat. Bro thought he was actually somebody
People’s last bastion of holding wealth which was property collapsed. High unemployment and it’s even worse if you don’t count those making under minimum wage as delivery drivers/flexible emplyment. Negative foreign investment this year because of Xi and COVID fiasco.
2008 dobbs? Chinas facing that X100 because they built without butters to prop up the economy a house of cards
Have you heard of “the news”.
Super interesting hack that let’s you know what the fuck is going on.
i dont know but it look like it happen 2 and a half years ago.
State planning baby
I wrote a bunch of DDs about how fuk China is, then they managed to delay the reckoning by three years. Which makes the coming revolution worse. CCP is cooked, but right now they’re firing money bazooka so calls.
I think there is a real estate crash happening there.
I’ve been reading where they appear to be buying lots of gold.
I got nothing beyond that.
Idk man alibaba is shooting up
The Chinese seem to have a long standing history of making decisions, that on the surface, are good but taking that decision to the extreme. This leads to unforeseen fall outs.
Killing a bunch of birds.
1 child policy.
Massive investment into real estate.
Lock downs.
It will be interesting to see how today’s decisions play out over the years.
A lot of money shifting out of the country to elsewhere. US stocks and US residential real estate continues to gain from it.
Article came out on xi killing the financial sector and white collar workers. It’s a good read.
Looks like consumer confidence is down.
Housing crisis.
More then 50% drop in value in alot of cities.
Source : Got family in china and work in a chinese restaurant full of chinese employees.
Gee, could it have something to do with witnessing huge half-built housing blocks being torn down before they’re ever completed?
Was that in the five-year plan?
1. Housing crash
2. Plummeting foreign investment
3. Geopolitical tensions with the US and lesser extent the EU
4. Central government was previously unable, or unwilling, to launch a massive stimulus to shore up the economy
It’s China. Who knows
Confidence hasn’t improved since the Shanghai shutdown
China has too many smart people not to figure out a solution. They will come back.. 🐉
Despite this china bull etf up 30% today after announcing next stimulus
The real-estate prices were insane for what amounts to leases. There was no rhyme or reason to the pricing or valuation. A tiny condo in shanghai 5M USD? Why the F would anyway buy that when they can buy SF NYC or any other place? The only ones were those already rich and have disposable incomes and they kept the party going keeping prices high for no reason when the average chinese person cannot afford anything close to that.
Then like what the diamond industry did to the US, capitalism made it so that if a chinese man wanted to marry a chinese woman you need to buy a house as a requirement. So these kids/parents of the groom would be mortgaging their own houses so that they can afford to give it to their sons to get married. Since the 1 child policy there are tons more men than women so the women made it a requirement to the relationship. Chinese women was never like this before, but they take their cues from western media and became what it was. So people are getting married because they have a piece of paper (or red book) saying they own a house even if the house is being built and not constructed yet. Why? Because capitalism, 1 child policy, social media and western influences.
So what do these corps do? they follow the money and kept building as fast as possible. And what does the supplier do? make more building materials sometimes at sub par standards to crank out as much as possible.
Combine that with the global cooling of economies and trade. Aggressive stance on their neighbors and predatory “joint ventures”, belt and road, lending money/building infra for poor nations to entrap them and COVID. It was a thousand cuts, some deeper than others, but they all contributed to this. And technically unlike US 2008, China has not crashed yet but it is a slow moving train wreck. Could they save it? Yes but it would take a lot of capital and pain.
I am not sure how to trade this, you need good builders but this crash will impact them as well… the only thing I can think of is maybe heavy industries and war/defense.