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Title: Kyle Bass: President Xi Wants Evergrande Blowup To Help Lower Housing Prices
Source: [None]
URL Source: https://www.zerohedge.com/markets/k ... warns-president-xi-wants-lower
Published: Sep 22, 2021
Author: Tyler Durden
Post Date: 2021-09-22 11:23:46 by Horse
Keywords: None
Views: 161
Comments: 2

"You still have an economy with a closed capital account they have one-way capital flows of dollars in... Now, imagine if dollars start heading out."

Poster Comment:

Kyle Bass is one of the smartest investors around.

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#1. To: Horse (#0)

If true, then China is, to their credit, at least willing to let something happen that the US gov isn't. $305 billion is a helavalot of value though, and there's the risk of lot of unhappy Chinese people. Maybe too many.

Pinguinite  posted on  2021-09-22   13:50:23 ET  Reply   Trace   Private Reply  

1.2 million were promised condos that will not be forthcoming. The company is paying locally owned bonds but nothing for those owned by foreigners.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2021-09-22   17:06:24 ET  Reply   Trace   Private Reply  

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