China is screwed

Chinese 30 day repos are spiking, liquidity crisis on.
All of the PRC's BS getting out in the open.
Crash imminent.
Oh wait, their model is better than ours. Cancel my FXP.

 

Things are bad over there - I'm hearing stories of a lot of new RE that's been sitting empty for so long it's starting to fall apart. Keep in mind: we've been through recessions and depressions, the Chinese haven't yet.

 

err yeah they have only been through a civil war, a communist revolution, collectivization, widespread famine and the largest floods in history.

 

You forgot the Earthquake that hit last year. More to come.

 

Can you elaborate why repo rates is an idication of anything?

Do you have a link to show these repo rates?

 

He probably read it from Zero Hedge - we're bearish all the time, even at '09's low.

 

yeah.
but his point is that they can survive everything but rising repo by few bips. this will certainly get them to their knees...and the chinese miracle will be over. what a bunch of BS - he is probably working for chanos.

 

Starts at 1:25 where you can see the empty city.

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And the worlds largest shopping mall built in 2005 that sits nearly empty.

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So have we: civil war, revolution, famine: all happened in the US, and modern economic turmoil, which they have not experienced yet. They already have their fair-share of rioting workers over there when factories shut down.

 

Dont forget...we have floods too! Remember Katrina? Plus we have immigration problems, plus the whole world hates us.