Definitely not native English speaker hence recent immigrant at best. Your English is worse than the one of the most illiterate redneck. It's absolutely impossible that you were born in Canada.
Haha, truthhhhhh hurtttssss You feel my power Grummy ? Predicting the downfall of the communist lovers with such accuracy ? Ill keep posting the defaults, wanna hear some trippy stuff loser ? Word on the street is that small to medium banks in China will start defaulting soon, that's how great the Ponzi economy is doing https://speculatorsanonymous.com/articles/china-banks-running-dry/
Don't trip over your big ego, dumb fuck. You couldn't see a collapse happening even if it were right in front of you. Waste of air, you are one of the dumbest trolls I have ever seen... Your shithole communist country is defaulting by the billions on a weekly basis, PBOC has to inject every two weeks hundreds of billion RMB or interbank rates sky rocket, cross defaults are eating liquidity and confidence... And here you are, foaming out the mouth, name calling and providing your retarded opinions and not facts In all the responses you gave, not one contained facts, only your hating shitty opinion, just fucking dumb as a bucket of shrimp... I hope you never had kids, imagine you passing on your genes ? How dumb are your kids gonna be loser
I am not Chinese, lol. And the only one who disqualified himself in this thread with poor knowledge or a complete lack thereof was you. SCMP China's mouthpiece, LOL. I said enough and reserve the right to not further respond to your China drivel that is mostly false and derived from wishful thinking alone. You have zero understanding of the deep pockets of the Chinese state and how it can support any industry or company of its choosing. Good luck, though I do not believe you need it, you made perfectly clear you have zero skin in this game.
Is that true? I don't know, it might be just a selection bias of some sort. The guys that put on these "la fin du monde" trades are rarely right, but they only need a few times to make it big. If the thesis was there, the resulting trade would be of that sort. I am not convinced but can see arguments pro and con. My main issue is not with the thesis itself (i.e. "economic weakness in China") but with it's spill-over into the market. Given the combination of reserves, governments ability to manipulate the media and reduce external access to the markets, the trade might prove very painful even if the thesis is correct.
I agree with you as long as we can agree that we are talking about some of the boldest and most experienced traders in the industry. In contrast, we have a guy here whose English is so littered with errors, who has read an article on "cross defaults" and now peruses this term in every post of his, and otherwise is predicting the imminent demise of Europe, America, China, and the rest of the world. Even Paulson shorted the mortgage market in 2007 only after the writing was not only on the wall and the first mortgage defaults trickled in but after the first repackaged structures started losing in value as well. Big difference, Chinese corporate issued bond default rates are still at a long-term average minimum and nowhere in the equity markets is there any sign of panic or even the slightest squeeze. Good luck to all those who want to wager money off the back of a self-declared guru who insults each and every single person who dares to disagree with his hunches, which are anything but based on sound analysis and research. I have been long enough in this industry to smell BS and this rakes of pure BS and dilettantism. I reckon so have you garnered plenty of experience to make up your own mind. The thesis here is that a sovereign nation, that can enforce any action it wishes and which can support any industry it chooses, and that has the deepest pockets at the moment worldwide due to it being the absolute manufacturing champion, that such nation is catching a cold because a few of its banks and corporations are sneezing. In the grand scheme of things the few entities that are behind with their interest and principal repayments are more like a rounding error than a percentage to be taken seriously. Can this change? Surely, but we are far from that at the moment. Anyone who shorts into this market at this current point in time is a total moron, period. Can one be lucky, sure, but trading is not about an individual trade, it is about probabilities and expectancy. The funny thing is that even a broken clock is right twice a day, and morons usually go ballistic in the rare event they are right, most often they just disappear and are nowhere to be seen again.
I put entire account on HYG Puts, I have no interest in shorting China... We are in a global recession, I am bearish on every macro data out there, and this sensitive pussy starts crying foul cause he's emotionally invested in his country, not only refuses to understand the problem, but insults the person just pointing it out... Anybody else crying on ET cause I exposed Turkey default coming, or India, or US Shale ? No... So why is this fall down tripping balls I pointed out data and facts on China, he has some serious self esteem and defensive issues, but this in incredible, how can anyone argue about China NOT collapsing ? They have defaults all the fucking time, cross defaults starting, small medium banks are becoming extremely fragile, they have no more US Dollars, but it's not collapsing ? https://economictimes.indiatimes.co...hina-to-india-usispf/articleshow/69068781.cms
https://luxtimes.lu/economics/37141-european-industrial-chief-pledges-to-bring-back-jobs-from-china https://www.japantimes.co.jp/news/2...-underway-fresh-u-s-tariffs-hit/#.XMXN26QTE2w https://www.theepochtimes.com/the-global-manufacturing-industry-is-moving-out-of-china_2694398.html Deglobilisation started in 2016, fast pace at the moment... What happens when China is running a 200 Billion Account Deficit Next year, with no more US Dollars besides treasuries, and 4 Trillion debt denominated in US Bonds worldwide. Brain dead fuck