North Point of View: China in Crisis

February 07, 2024 00:10:20
North Point of View: China in Crisis
North Point of View
North Point of View: China in Crisis

Feb 07 2024 | 00:10:20

/

Show Notes

It's not just Evergrande who just blew up, but the number two and number three, they've also all crashed and burned. Then when you go down to the much smaller developers, it's a raging forest fire. People are trying to get their money back from the bank because deposits they made for the construction of apartments or houses, it's not happening. These developers don't have the money and they can't proceed. When you go to the bank to get your money, you can't get your money. What we've seen in the last six, seven, eight months is actual protests outside the banks and in the streets. In China, that's a no no. The population is getting angry and picking up sticks and clubs and whatever they can, because, you know, this is how revolutions get started.

 

#savannah #savannahrealestate #savannahga #wsj #chinanews #china #evergrandecrisis #evergrande

Other Episodes

Episode 15

July 09, 2021 00:09:07
Episode Cover

Fastest Commercial Computer

Did you know that when the Apollo mission went to the moon, they had less technology on board than we have in a handheld...

Listen

Episode

February 20, 2024 00:12:32
Episode Cover

North Point of View: The Apology Tour: What Recession?

In this episode, Mark Hall and Dr. Walter Kemmsies discuss the 2023 recession that never happen. Excerpt Walter: I said, I don't think there...

Listen

Episode

April 09, 2025 00:16:59
Episode Cover

Trump Tariffs: Its Painful Now But Good For America In The Long Run?

Some countries impose higher tariffs on U.S. goods compared to the tariffs the U.S. imposes on their products. This can hurt U.S. exporters because...

Listen