Beijing Capitulates: Urges Local Govts To Unleash Debt Flood

Source: https://www.zerohedge.com/markets/beijing-capitulates-urges-local-govts-unleash-debt-flood-cities-begin-backstopping-property
Published: Nov 29, 2021
Author: Tyler Durden
Post Date: 2021-11-29 00:08:20 by Horse
Views: 170

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: BTP Holdings    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. ;)

BTP Holdings posted on 2021-11-29 06:07:28   Reply   Private Reply