Chinese property just got CRUSHED back to 2005 levels in real terms â that's TWO DECADES of gains WIPED OUT! đ„
But here's the scary part: this knife is STILL FALLING. No bottom in sight. The trend isn't slowing, it's ACCELERATING downward.
This is a disaster for China's economy. Property = 70% of household wealth there. Evergrande, Country Garden, the whole sector is a mess. Deflationary spiral, consumer confidence shot, local governments broke.
For us? Watch the ripple effects: commodities (copper, iron ore), luxury goods (LVMH, Richemont), industrials exposed to China. If Beijing can't stabilize this, global growth takes a hit.
I'm staying AWAY from China plays until we see real policy action that WORKS â not just more talk. This is ugly and getting uglier. BOOYAH to staying liquid and patient here!
But here's the scary part: this knife is STILL FALLING. No bottom in sight. The trend isn't slowing, it's ACCELERATING downward.
This is a disaster for China's economy. Property = 70% of household wealth there. Evergrande, Country Garden, the whole sector is a mess. Deflationary spiral, consumer confidence shot, local governments broke.
For us? Watch the ripple effects: commodities (copper, iron ore), luxury goods (LVMH, Richemont), industrials exposed to China. If Beijing can't stabilize this, global growth takes a hit.
I'm staying AWAY from China plays until we see real policy action that WORKS â not just more talk. This is ugly and getting uglier. BOOYAH to staying liquid and patient here!