Sign in Subscribe
📈 Macroeconomics

Here comes the brrr? China Evergrande collapse shows need for $1 trillion Beijing rescue plan, says Clocktower strategist.

source: https://www.marketwatch.com/story/china-evergrande-collapse-shows-need-for-1-trillion-beijing-rescue-plan-says-clocktower-strategist

TLDRS:

  • Since mid-2021, companies accounting for 40% of Chinese home sales have defaulted, including Evergrande in late 2021, stoking fears about the resilience of the world’s second-largest economy.
  • This analyst said China may need to absorb some $1 trillion in soured real-estate assets from the private sector, in a move similar to the Federal Reserve’s takeover of toxic mortgage and related derivatives off banks’ balance sheets in the wake of the 2007-2008 global financial crisis.
  • Here comes the brrr?
  • Is China waking?
r/Superstonk - Here comes the brrr? China Evergrande collapse shows need for $1 trillion Beijing rescue plan, says Clocktower strategist.

Reddit post

Read next
S&P Global: US bankruptcy filings spiked in August

S&P Global: US bankruptcy filings spiked in August (63) after a July slowdown, leading to the highest total for the first eight months of the year since 2020 and the second-highest since 2010.

US bankruptcy filings surged in August after a slowdown in July, reaching the highest total for the first eight months of the year since 2020, according to data from S&P Global Market Intelligence. A total of 63 public and certain private companies filed for bankruptcy in August, up
dismal-jellyfish
Multivariate Core Trend (MCT) inflation increased to 2.5% in July from 2.2% in June.

Multivariate Core Trend (MCT) inflation increased to 2.5% in July from 2.2% in June. The MCT gauges inflation’s persistence across 17 core sectors of the personal consumption expenditures (PCE) price index.

Inflation measured by the Multivariate Core Trend (MCT) model increased to 2.5% in July, up from a revised 2.2% in June, signaling growing inflationary pressure. The MCT, which gauges inflation’s persistence across 17 core sectors of the personal consumption expenditures (PCE) price index, indicated that the probability
dismal-jellyfish