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China. There are official statistics and there are statistics. NBS China says that existing home prices are down 13.6% from 2021 peak. But Centaline data says that the fall is double that and prices are back to 2016 levels.
Leverage is lower but housing is the main store of
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China. There are official statistics and there are statistics. NBS China says that existing home prices are down 13.6% from 2021 peak. But Centaline data says that the fall is double that and prices are back to 2016 levels.
Leverage is lower but housing is the main store of Chinese household wealth. It is devasting for consumer confidence.
It's no wonder that total bank loans fell for the first time since 2005 when China was a small economy.
A balance sheet recession is underway. The implications for the rest of the world are not pleasant.
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In my bio, it has been written for years that you can be reached via DM for credit.
Because there are tens of thousands of comments, it's impossible for me to see them all.
Some people don't do this, they love to spread hate by exposing me.
People who couldn't make their own
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Arizona just announced that it could take 10-13 days to tabulate all votes…
Taiwan just held their election.
They require photo ID and use paper ballots. They hand-count the votes of each station one by one, in public view. There are no mail ballots.
It’s all done in 6 hours.
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twitter.com)
There will be almost 2 million followers but my account appears to be an account consisting of fake followers!
Because 75% of my followers do not see what I share.
And this has been going on for 4 months!
I have seen many accounts that are not premium members and get better
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twitter.com)