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Title: Beijing Capitulates: Urges Local Govts To Unleash Debt Flood
Source: [None]
URL Source: https://www.zerohedge.com/markets/b ... es-begin-backstopping-property
Published: Nov 29, 2021
Author: Tyler Durden
Post Date: 2021-11-29 00:08:20 by Horse
Keywords: None
Views: 125
Comments: 1

As Cities Begin Backstopping Property Developers

Now that one city has adopted a property bailout strategy, expect every single other Chinese city to follow suit, the result of which will be another major can-kicking for China's property sector at the expense of trillions in new debt, this time at the local government level.


Poster Comment:

Can you say WORLDWIDE HYPERINFLATION.

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#1. To: Horse (#0)

As Cities Begin Backstopping Property Developers

WORLDWIDE HYPERINFLATION.

China and Brazil are selling their short term debt into the secondary markets. Right now the FED is buying up that debt. If they fail just once and those chickens come home to roost, it will cause inflation to skyrocket similar to the Weimar Republic in the 1920s when you needed a wheelbarrow full of German Marks to buy a loaf of bread. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2021-11-29   6:07:28 ET  Reply   Trace   Private Reply  


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