If you think that is true, prove it. After all, it's really difficult to hold onto a futures trade for weeks that goes $12K into the hole when you have only $5K in the account. That thing called performance bonds, you know?
Mickey the clown is very happy with your bearish sentiment, right now the market is bullish and I continue to both go long and hold those positions. It makes no sense to try and 'predict' as well as hope for markets to fall, not smart to stand in front of a moving steamroller.
https://www.caixinglobal.com/2019-0...fire-sale-fails-to-ease-crisis-101410054.html There’s no doubt the asset sales have helped reduce HNA’s debt. But it may not be enough. Based on the group’s latest available financials — the six months ended June 31 — HNA still held about $80 billion of debt. Of that amount, $25 billion was due within a year, or more than what the company held in cash, equivalents and short-term investments combined. The company’s profits couldn’t even cover its interest payments. The company has sold or agreed to dispose of more than 40 assets since 2018, according to a Bloomberg tally. And, there’s likely more to come. Now that's how you allocate capital. Buy at peak, sell at bottom and still end up with dozens of US Billion in debt after selling all assets https://www.caixinglobal.com/2019-0...egal-fundraising-investigation-101410135.html JC Group and its affiliates control at least six private fund management firms and one fund sales company. The six management firms had a total of 128 products in operation by the end of March, according to figures provided by the Asset Management Association of China (AMAC), an industry self-regulatory body overseen by the country’s securities watchdog. The company and its affiliates raised as much as 30 billion yuan ($4.5 billion) from investors by last May, according to a report on the initial findings of a securities watchdog investigation seen by Caixin. The report showed that by October they had missed repayment on more than 17 billion yuan. Ouch! Another Ponzi gets exposed, weekly thing now it seems
Well commies, looks like china's Banking Collapse is getting started, prediction on fleek! The Biggest Lie Ever Told, the best thesis ET has ever seen... Quite a few more banks to collapse before shadow banking crisis destroys the chinese system https://www.caixinglobal.com/2019-0...bts-worth-over-50-million-yuan-101420491.html
The Collapse has started!!! The greatest Thesis ET has ever seen... https://www.pymnts.com/bank-regulation/2019/china-banking-blind-spot-investors/ A hundred billion here, a few hundred billion there, and pretty soon it all starts to add up. The Financial Times reports that a $647 billion ( 4.5 Trillion Yuan ) “blind spot,” as measured by Barclays, exists in the financial reporting by Chinese banks — spanning both rural and commercial settings. That means, according to the data, that more lenders could be under greater government scrutiny and intervention, or may actually collapse. The data as compiled by Barclays comes in the wake of the state takeover of Baoshang Bank. That bank took its place among 19 that have a combined $647 billion USD equivalent in assets (hence the blind spot) that have not yet filed financials for the 2018 year. The delayed results signal that non-performing assets may have, as the financial publication stated, turned into bad debt. In another example, Bank of Jinzhou, among the 19 that have not published results, said that EY Hu Ming has resigned as auditor after it was found that loans had not been used for their stated purpose. The bank noted that EY wanted evidence of the customers’ ability to service the debt. The fact that no such evidence was offered may signal bad debt. The Barclays report said that “We expect more ‘exits’ of smaller banks or non-bank financial institutions (likely through takeover or M&A with bigger parties), most likely with some regional significance.” “This does have some impact on investors’ confidence in the market,” Dong Ximiao, vice head of Renmin University’s Chongyang Financial Institute, said to the FT.