Will this burst the bubble?

[Pastor Guest]

I believe tonight will tell the tale. Currently the Asian futures look really bad. The Nikkei futures are down 810 points while the Hang Seng (Hong Kong) index is off 1123 points. Right now the Dow is down 902 points.

In the morning we will have a better idea of how serious this is.

[Mountainbear]

This is a nothingburger. China will bail out Evergrande, if necessary, and 300 billion is exactly a lot of money these days. The collapse of the US real estate market in 2008 involved many banks and trillions of dollars, not just Lehman. LB was just a fart in the wind, and as a result expendable.

[BugoutBear]

This is a nothingburger. China will bail out Evergrande, if necessary, and 300 billion is exactly a lot of money these days. The collapse of the US real estate market in 2008 involved many banks and trillions of dollars, not just Lehman. LB was just a fart in the wind, and as a result expendable.

Indeed.
However China's got their own problems with their largest real estate company soiling the sheets. They might not be able to bail anyone out this time.

I guess we'll just have to wait and see.

[jmthomas]

Look at the Dow today. Down over 900 points at one point, then the Plunge Protection Team stepped in and it closes near even for the day.

Only way this really blows up is if China does nothing, and the contagion spreads to the big banks. Just don't see it happening.

[lonewolfinoregon]

War will erupt before China collapses.

China will release their brothers in NK into Sk, to suck the US NAVY toward Japan and Korea..

Then they will strike Taiwan.

Then the US Navy will get struck from behind..

Which will than collapse the USA, when the American people realize the US military wasn't invincible.

Then eventually they will release their hordes into the Middle East to secure their oil lines.

[consteacher1]

just like scripture says will happen! shocked, am I, shocked. The US has to exit the world stage either via the economy, race war, or world war we lose. we are not totally removed from the world's stage but we will be reduced significantly. prep and pray, the end has arrived.

[Spike n Ree]

Largest US Port Hit New Ship-Backlog Record Every Day Last Week (businessinsider.com)

The largest port in the US hit a new ship-backlog record every day last week, as 65 massive container boats float off the California coast

Grace Kay
Sep 20, 2021, 10:35 AM

The Southern California ports that are responsible for almost half of all US imports hit a new record every day last week.
Over the past week, the queue of ships waiting to unload at the ports in Los Angeles and Long Beach have lengthened by 10 ships. On Friday, the ports had 65 cargo ships stuck at anchor or in drift areas waiting for spots to open up to dock and unload. The ports, which are a primary thoroughfare for key imports between Asia and the US, had 147 ships in the locations, including 95 hulking cargo ships on Friday — both new records.
The average wait time for the vessels is about 8.7 days — about 2.5 days longer than the same time the month before, Los Angeles port data indicated. So far, the ports have handled about 862,000 imports in 2021.
The locations hit new records for the number of ships in the port, as well as the number of container ships waiting to undock every day last week, the ports have hit seven new records in less than four weeks as shipping delays continue to surge past early pandemic levels. When the ports hit an all-time high in late August, it was the first time since February, when the onset of pandemic shutdowns and the panic-buying frenzy wreaked havoc on global supply chains.

"The normal number of container ships at anchor is between zero and one," Kip Louttit, the executive director of the Marine Exchange of Southern California, told Insider in July.
Freightos told Bloomberg that the average time it takes for an ocean freight to go door-to-door has increased 43% over the past year, from 50 days to 71.5 days.
At the same time, shipping costs have skyrocketed. Last week, Judah Levine, the head of research at Freightos, told Insider that the price for transporting a 40-foot container between the US and Asia jumped 500% from this time last year to $20,586.

[lonewolfinoregon]

It looks like China doesn't want war yet.

[AWM]

It looks like China doesn't want war yet.

Nope, they haven't even released MERS-CoV-2 yet.

[lonewolfinoregon]

Nope, they haven't even released MERS-CoV-2 yet.

It seems the even the foreign media was duped on the latest financial info about Evergrande, that they supposedly got a large bailout..

When in fact they didn't meet their financial payment requirement on Thursday.