This happened yesterday! There is a lot of uncertainty going around in the world not least because of the senile, demented and corrupt 46th U.S. President!
Showing posts with label financial panic. Show all posts
Showing posts with label financial panic. Show all posts
Friday, August 02, 2024
Wednesday, April 17, 2024
Saturday, July 16, 2022
Chinese citizens boycott mortgages in 86 cities
Serious stuff going on and Western media are not reporting it, but the Indian WION is! Evergrande Group involved. Massive number of borrowers are defaulting on their mortgages. Bank runs ... Perhaps up to $4 trillion loans are at stake. Real estate market dropped by over 70%.
On top of this, the insane zero Covid-19 policy with lockdowns in major areas crippling the economy.
Will this end in a global great depression with the Russo-Ukrainian war going on etc.? Possibly!
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