If they can’t hold on to these, they should just return them.
Even if they could hold on, they should return them, but clearly aren’t willing to.
If they can’t hold on to these, they should just return them.
Even if they could hold on, they should return them, but clearly aren’t willing to.
Kind of missing the point. The current embargo means Russia sells its oil for a lot cheaper to India, which then refines and resells it to the west. This allows for enough oil supply to not push prices too high for everyone and Russia is the only one losing. Sure India doesn’t enforce sanctions, but they aren’t exactly cozying up like the Chinese.
Currently the real estate market seems to be on very shaky grounds as developers have debts that they’re not being able to pay off. So bonds whose coupons are due are not being paid.
Chinese citizens generally pay up front a certain amount (or fully) long before they move into their apartments. This money is generally used to complete construction. But developers seem to have used this to buy other properties for construction, over leveraging themselves. And now that construction is wayyy behind schedule and the people still can’t move in, they’re refusing to pay their mortgages causing banks to pull back lending and become more strict with debt restructuring for developers.
Tldr: Way too many homes built for people who don’t want them. Lots of loans might be unpaid. Might affect other sectors.
Anyone else feel two massive countries (Russia and China) are lurching from serious crisis to crisis (war, economic slowdown) and just feels like the “I’m in Danger” meme?
At what point will the govt or whatever’s left of it fight back against the cartels?
We’ve gone from rich asses paying for criminals to kill themselves to us seeing billionaires punch each other. Not bad…
But unless you’ve kids you’re more likely to drop Disney+. Even the recent Marvel series are meh 😕. I just cancelled mine
I think that might help, asking for volunteers. Segregating them based on their abilities (LinkedIn profile for instance). There are a lot of people who have a couple of hours a week they can spend for such a cause. Please check with your colleagues and see if asking for volunteers is possible.
Donating money is also an option, but in this economy, it’s not sustainable to donate significant sums on a recurring basis for most.