[𝗣𝗗𝗙] ICT 2024 Mentorship Lecture 1-21 [50+ Hours] Notes / Key Points Co Partner @theictconcepts Like + RT + Comment "Notes" to receive the link (𝗠𝘂𝘀𝘁 𝗯𝗲 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗺𝗲 𝘀𝗼 𝗜 𝗰𝗮𝗻 𝗗𝗠) Community Link :-

If you can’t get to a clear DOL in the first minute of looking at the chart -> touch grass Forcing an idea on the market will lose you so much money I sometimes don’t have a clue what price will do next and that’s good, because it tells me I shouldn’t trade it

Would Evergrande $78B fraud case be the start of a cascading chain reaction I’ve talked about how China would try to break the chain effect of RE developers’ bankruptcy last year. Since, Chinese govt had basically disregarded HK court’s bankruptcy ruling of Evergrande (offshore creditors haven’t been able to claim EG onshore assets). But this latest fraud accusation against EG by CSRC probably triggered Country Garden, second largest developer after EG, to suspend the release of its 2023 annual result last week. I would venture to say CG probably has committed the same thing as EG, or at least its auditor worries so. CG and EG share the same auditor, PWC😵‍💫. If EG and CG have both exaggerated its revenues, would many other developers have done the same during the difficult COVID years? The more interesting issue is: what happens with a new wave of massive write downs among Chinese developers? If most of them are in negative equity territory after the write downs, how does Chinese govt still pretend these companies are going concerns? Because that’s needed to stop the spillover into financial sector. That’s needed to let the banks off the hook. All big six banks in China has a bad loan ratio of about 1.3%, while an industry that accounted for about 30% of GDP went into bankruptcy. The facade of Xi’s China dream is getting harder and harder to maintain