The Next Big Trade - Jeff Snider on the “Grotesquely Upside Down” Eurodollar Futures Curve
Real Vision: Finance & Investing
00:00
The Chinese Real Estate Market Is a Game Changer, I'm Not an Expert on China
I'm thinking that recoveries, if you're buying distressed chinese real estate debt, i'm thinking recoveries are going to shock you by how low they are. Iandthat this is not going to work out like a distressed debt play or her maybe it's on to sell off too. It might just be that this is a prolonged squeeze that goes on for quite some time. As you said, the property market, an real estate in china has been propped up for so long, we won't even how would anybody there even know what usable value actually is.
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