Third Chinese Bank Bailout... Assets over 1.5 Trillion Yuan

[Stockolio]

Dalio likes China but it's definitely about making money. He has been there for 20 years not just because he likes China but because he saw that as "the next" superpower.

I missed the Nazi part! Will have to watch it again.

If you can find thread, I noted time when it happened in a post

 

[ironchef]

No big deal, it is like nationalizing their banking system eventually. It is half way there since they already own most of their big banks.

 

[Stockolio]

Dalio likes China but it's definitely about making money. He has been there for 20 years not just because he likes China but because he saw that as "the next" superpower.

I missed the Nazi part! Will have to watch it again.

Bumped the video you posted, 31:10 to 35:15

 

[nooby_mcnoob]

Bumped the video you posted, 31:10 to 35:15

I didn't post it btw

 

[Nine_Ender]

20 more banks to go! I wonder all those people who were insulting me when I did this thesis months back, calling me a retard saying china will never collapse, what are they thinking now ?

You posted this in December 2018 :

Were fucked... Man I should of closed calls, long stock.

Couldn't believe he would hike the world into a recession, the numbers do not make sense with what they did... Ahh man, lost a lot of money cause of this, I couldn't believe this was possible to be this incompetent... Recession is literally around the corner in January-February

Not only is your comprehension of time frames concerning large economic events totally absurd, markets did extremely well first quarter 2019. We are in August and you said a recession by February. What recession ? There was zero chances of a recession by February.

 

[luisHK]

No big deal, it is like nationalizing their banking system eventually. It is half way there since they already own most of their big banks.

Plus it s 3 out of 4000 private lenders? Stockolio has a strong propensity to see the end of the word in a sour yogurt, i don't wish more success to China than the next bloke but doubt another state bail out of a smallish Chinese private bank is a particularly ominous sign.

 

[dozu888]

can't use conventional western thinking on China... the party has complete control.. they can just paper over everything... if half the banks go belly up so what, just paper over, they still have the foreign reserves.... of course the currency will devalue substantially, but there is a solution to the extreme scenario.