Beijing Doesn’t Want to Be Seen Bailing Out Evergrande: Wu
Sep.22 -- Tommy Wu, lead economist at Oxford Economics, discusses China Evergrande Group’s debt crisis, how he sees these issues playing out and his outlook for the Chinese economy. He speaks on “Bloomberg Markets: China Open.”
After studying the trajectory of great assets like real estate, dividend paying stocks of blue chip companies, gold, oil etc ,my conclusion is that most great assets never come down to the price that you want them to so you can buy. just buy the ones you can afford today.
Salty Monke:
This week is Evergrande, next week is Country Garden.
Same condition, just different due date of payment for their debts.
Nu Rphase:
Investors bought into evergrande thinking ccp will cover the losses if things go sour. Looks like investors are going to be sorely dissapointed.
shenkoyah:
Great interview...."Whats the big bazooka that Bejing has that can handle all of this," vicious questions.....I love it😎🙏🏽
Adam Abraham:
Everyone being interviewed on this even the bloomberg presenters looks and sound very nervous about this whole thing.....
The Nutrient Whisperer:
Thanks evergrande…..this is just what we needed.
Ever hear the word overleveraged?
SayNoToIdiots:
1. Evergrande bondholders are mostly US and EU banks and funds. Government doesn't want to bail out US and EU banks and funds.
2. Any government bailout must mean government buys over the equity of existing shareholders in return for paying their huge liabilities. Government means CCP since it's China. Contagion effect will subside.
UK Revolution:
Bailing it out would just postpone the inevitable.
ABC ABC:
The foreign investors hope the Beijing government will intervene, so they won’t lose their investment. But if the Chinese government won’t and allow Evergrande to go bankrupt. Then there will be disaster for those foreign institutional investors. As they may need to sell assets to pay the mums and dads investors or fund holders.
shelly white:
Great stuff. I watch several youtube videos on how to trade in the stock market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands.
powerlinkers:
CCP has done the right thing .... I support them in this manner. Property prices in China currently are insane, 40 years of average income which requires 3 generations to pool money together to buy a property.
Prices need to come down.
R D:
Of course they don't want to be seen bailing them out...however the reality is that is what is going to happen. They have already injected liquidity into the market, market forces are going to push them (whether they like it or not) to do things that will be seen (rightly or not) as them bailing the company out, even if what they are really trying to do is protect the real estate market as a whole instead of just one company.
Alexandre Palazzo:
Free market in China, bailout in the US. Isn’t the world amazing? =P
Gringadoor:
Don't want to be seen bailing out but will do it anyway and claim they were not involved.
Art Maknev:
perfect timing, perfect naming, will be known as the Grand Collapse on history charts
Kaname Fujiwara:
Forecasting. Projections. Let's see how right they are with their previous forecasts.
Vittorio Rabagliati:
It's like the '80s crisis in Japan, just the old trick of inflated assets on balance sheets
ida olea:
Evergrade have to just sell houses with loss, and pay people back 1-2 year later than planned. This is becouse prices are at max level, and spekulaters have to accept losses on this gambling markeds
Ma Marilyn Cosico:
Due of the economic crisis and the rate of unemployment, now is the best time to invest in Crypto/Bitcoin and make money 💰
Big Black Crypto:
Bitcoiners are basically a frathouse of dudes shouting at pawn stars....
"Suck that debt!"
"Suck that debt!"
Shooting sports Transparency:
Fortunately, China just took steps to prevent US woes
redshoe02:
it's bail or not bail. Doesn't want to be seen bailing out LMAO
Kreddevil9:
Everytime he says “uhhh” you drink
Denden Comendador:
The chinese will refund to investors with a pepper spray. Not instant cash
Sathya Thunger:
My personal prediction on what CCP will do is that they will first hold the founders and management team and keep them from going anywhere and treat them like corruptors to avoid things turn into the biggest fraud ever, and secondly, the most CCP can do is to void the property tax to help the situation and reduce the heat. Because the taxes were people's money to begin with anyway.. And that's all.
Best Movies:
Capitalist China 😂😂
Dk808 C:
This is so planned...must read McMarket by John king to see the full picture!!$
Rachel Green:
Out of 47 large construction companies of China only 4 problem free.
CODER:
WELL THINK NOW THAT THEY HAVE BAILED THEM OUT WHO OWNS EVERGRANDE NOW ...... REDDRAGON
Otr Driver:
Seems stammering while lieing is a universal thing
JR Hixenbaugh:
CCP is also hammering on Tech aswell in China
RANDELL ESTOQUE:
Everything is contageous when it comes to them lelz haha
Ramez Wissa:
Real wiz when it comes to talking
Aussie girl:
China has enough to worry about let alone Evergrande. It's imploding.
Bigjoe99:
So basically there is a lot of homework that has to be done and not much to make profit from..So basically a waste of 7minutes of my life..
Bill Loh:
Then the debtors should stop & don't do anything about it and let Evergrande continuing operating. Companies won't go bankrupt if debtors extend the dateline. Eitherway, if Evergrande goes bankrupt, everyone loses out in the end.
joseph mccartney:
Take a shot every time this guy says uhhh 🙄
Dr Meister:
This is going to be a fun few days.
Joey murdaz Alotmore:
There making there bond payment
falcon127:
TOMMY WU SAYS (UH) QUITE A BT,... BUT GOOD REPORT!
Lurking Arachnid:
Yessssss 😈
Sunny Foo:
Already DEAD on arrival,,,, why rescuse??? 🤷🏻♂️🤣
Harsimran Jhim:
Forex dollar to yuan and short options 🤔
Lupu Korone Lover:
lest play a game:
Everytime he say UHH u drink.
Jimmy Micheal:
Crypto investment is great unlike the stock market and other financial markets, crypto has no Centralized location since it operates 24hrs in different part of the world.
Joanna B:
And yet they are.
DSG:
Ahhhhh ah ah ahhhhh
This guy needs to kick that tick ahhh
Sean:
How many eh.. do you need?
Yes!
Woody BlahBlah:
Everything can be faked...
sky:
Bought more Avax and SOLANA
Caleb:
TOMMY FUCKIN WU, WATCH YOUR UHM'S AND AH's!!!!!!!!!!!!!!!!!!!
wils:
Eh.. I think eh Beijing eh... Is in eh China.. eh
Boon Tan:
Daylight robbery
mtdg:
i realy cant listen to the guy, so much uuh ehh ahh uuhh ehh
Nathan Allwood:
Well eh uh uh ugh eh um uh uh eh hm hm uh yes
Age of Empires 2 Gaming:
A aa aa aa
big ed:
Uhhhh you can trust me uhhhhhhhhh
Mark W:
Aaaaaaaaaaaaaaah……who dat typing so loudly? Uuuuuuuuh …. uuuuummm …aaaah dunno.
Seunghan Nam:
can't understand a thing
Parsa Azadrad:
All i heard , ummmmmm ....
Mauricio.NET®:
Too many Uhhhhh Uuuuuhhhhh aaaahhhhhs 😅
Heinz:
“Uh uh” can’t understand a word he is saying. Unsubscribed
domi1kenobi:
Evergrande owns 220B in assets, this is just FUD, buying the dip
Patrick Bregolsajic:
Salty Monke:
Same condition, just different due date of payment for their debts.
Nu Rphase:
shenkoyah:
Adam Abraham:
The Nutrient Whisperer:
Ever hear the word overleveraged?
SayNoToIdiots:
2. Any government bailout must mean government buys over the equity of existing shareholders in return for paying their huge liabilities. Government means CCP since it's China. Contagion effect will subside.
UK Revolution:
ABC ABC:
shelly white:
powerlinkers:
Prices need to come down.
R D:
Alexandre Palazzo:
Gringadoor:
Art Maknev:
Kaname Fujiwara:
Vittorio Rabagliati:
ida olea:
Ma Marilyn Cosico:
Big Black Crypto:
"Suck that debt!"
"Suck that debt!"
Shooting sports Transparency:
redshoe02:
Kreddevil9:
Denden Comendador:
Sathya Thunger:
Best Movies:
Dk808 C:
Rachel Green:
CODER:
Otr Driver:
JR Hixenbaugh:
RANDELL ESTOQUE:
Ramez Wissa:
Aussie girl:
Bigjoe99:
Bill Loh:
joseph mccartney:
Dr Meister:
Joey murdaz Alotmore:
falcon127:
Lurking Arachnid:
Sunny Foo:
Harsimran Jhim:
Lupu Korone Lover:
Everytime he say UHH u drink.
Jimmy Micheal:
Joanna B:
DSG:
This guy needs to kick that tick ahhh
Sean:
Yes!
Woody BlahBlah:
sky:
Caleb:
wils:
Boon Tan:
mtdg:
Nathan Allwood:
Age of Empires 2 Gaming:
big ed:
Mark W:
Seunghan Nam:
Parsa Azadrad:
Mauricio.NET®:
Heinz:
domi1kenobi: