Evergrande should have defaulted years ago, so this isn't a surprise.
As an investor, I do hope the Chinese don't follow the footsteps of the West, especially the Europeans, who bailed everything and everyone out — creating a zombie economy.
Market pain creates opportunities.
As an investor, I do hope the Chinese don't follow the footsteps of the West, especially the Europeans, who bailed everything and everyone out — creating a zombie economy.
Market pain creates opportunities.
https://twitter.com/FabiusMercurius/status/1438194686242422788
Risks haven't been there for only a month, they have been there for a long time.
If the Chinese economy goes through a property market de-leveraging, it will be very painful in the short term, but create a fantastic buying opportunity.
If the Chinese economy goes through a property market de-leveraging, it will be very painful in the short term, but create a fantastic buying opportunity.
https://twitter.com/TihoBrkan/status/1433329668241952768?s=20
These are the sort of headlines (back in 2012) you can expect near the market lows — exactly when you should be buying.
The worse the news gets for Chinese equities in the short term, the more bullish we become over the long term.
The worse the news gets for Chinese equities in the short term, the more bullish we become over the long term.
https://twitter.com/TihoBrkan/status/1432985228453285888?s=20
It should feel really uncomfortable, borderline scary when you are buying a crisis.
The time comes when you pull that trigger with a meaningful amount of capital.
And if it doesn’t feel like it, the purchase in question probably hasn’t gone through a proper panic/crash yet.
The time comes when you pull that trigger with a meaningful amount of capital.
And if it doesn’t feel like it, the purchase in question probably hasn’t gone through a proper panic/crash yet.
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