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That's fascinating. I'm not into trading myself, but I follow some hedge fund guys (Patrick Boyle, Kyle Bass etc) and some analysts and keep an eye on the markets but I invest everything back into my own business. There always seems to be a way for savvy traders to turn a profit from any situation.

Yeah, emerging market specialist funds have the most exposure, Vanguard and Blackrock too off the top of my head (can't remember specifics, I think Blackrock has around $400 million in Evergrande bonds). But by their nature high yield Chinese bonds are only a small part of the high risk portion...

And this story is only going to get bigger, we'll be talking about it for the next six months or more. It's not just about Evergrande but the state of the entirety of the Chinese property, construction and related industries. We are seeing the first signs of a US$62 trillion property bubble...

What exactly am I mis-representing? And what do you think will happen in a few days? You are the one demonstrating an absence of financial literacy, why do you think that $305 billion of Evergrande liabilities are owed entirely to foreign investors?

There is not going to be an economic collapse when the CCP controls all of the levers in its economy, but Evergrande exposes systemic problems in an economy that is over reliant on a highly leveraged property sector to drive economic growth. The period between now and the next party congress...

Firstly, Evergrande just made a late payment on their high yield international bonds a day before they officially defaulted, avoiding legal action and a ratings downgrade. They are sending a positive signal to international bond investors that they won't prioritise local investors at their...

Tax really underpins the entire financial accounting field, and it overlaps with many other areas (legal, finance, etc). Its the most important area for accountants to understand, even if you aren't planning on becoming a specialist. Its the primary reason clients hire public practice...

Yeah my brother worked in public practice first to master the 'craft', then worked in corporate for ten years. The public practice firms have better training and resources for grads. He enjoyed the management accounting work more in corporate though. One piece of advice, do not go into Audit...

A good way to look at it is a business degree will get you to the starting line, then the real learning begins. Without a degree today (any degree really) you aren't even in the race. Whilst Elon Musk is correct in theory, I still believe good students will benefit more in the long run with a...

A very experienced business owner I know makes a point of not hiring business graduates for business roles, he hires graduates in other fields of study. For the most part I think business graduates are conditioned to apply a rigid approach and aren't adaptable enough for the real world, and...

Very different companies, Evergrande is an asset based company, and restructure for such a company never ends well. There won't be any residual value, it is too highly leveraged and most of what could be liquidated has been already. Some unfinished projects have already been absorbed by local...

It will damage their global brand and they may be liable to some extent under federal law, but they will avoid the full wrath of US regulators and lawmakers because it's Evergrande audits were made in Hong Kong.

Yeah I was thinking the same regarding Enron. This is going to get worse for PWC given the likelihood of more exposure to audit discrepancies in the Chinese property sector, especially those listed in HK.

They might be explaining themselves to a federal court. Evergrandes high yield bonds have tanked as well as the looming defaults on US denominated bonds, some angry US investors are going to be out of pocket and looking for answers. PWC have been a party to Evergrandes balance sheet...

China imported $380 billion of semi conductors in 2020, and a large portion of that sales revenue would be generated by US firms throughout the supply chains from design to foundry etc. It's projected to continue growing for the foreseeable future. The US is being very targeted about its trade...

You're misunderstanding the purpose and nature of the tech transfer bans on Huawei and Hisilicon, and the purpose of allowing Qualcom a licence to supply older 4g SOCs to Huawei. This talk of high horses is insipid and misses the point.

That aside, I am genuinely interested in how you believe a nuclear exchange would play out between the US and China. I'm not entirely convinced in Binkovs argument, for example there is the very complex issue of Nuclear EMP that he has overlooked. Who would this favor and why?

Binkov is fairly objective and as a Russian doesn't favour the US in his clips. Which aspects of his breakdown do you disagree with? Or are you just being lazy and didn't even watch the clip?

Blocking imports of Australian coal appears to be one factor among others, and from what I am reading the higher energy yield and lower emissions of banned Australian coal compound the problem due to the way many of Chinas newer power generation stations are engineered. They cannot run on lower...