bonds, from these chinese real estate firms, have been rehypothecated into derivatives that have been rehypothecated into derivatives that have been stuffed into financial special-vehicle products that have been bought by ETFs have been rehypothecated into derivatives, etc, etc, etc.
^^^^ that never-ending TURD-BOMB cycle has been continually packed w/ explosive financial-fuckery for over a DECADE.
now that the veil has exposed the chinese real estate market as, LITERALLY, a ponzi-scheme, its time to pay the piper.
bonds, from these chinese real estate firms, have been rehypothecated into derivatives that have been rehypothecated into derivatives that have been stuffed into financial special-vehicle products that have been bought by ETFs have been rehypothecated into derivatives, etc, etc, etc.
^^^^ that never-ending TURD-BOMB cycle has been continually packed w/ explosive financial-fuckery for over a DECADE.
now that the veil has exposed the chinese real estate market as, LITERALLY, a ponzi-scheme, its time to pay the piper.