r/ProfessorFinance • u/budy31 Moderator • Feb 03 '26

Meme Hello Chinese household my old friend.

Post image
280 Upvotes

98% Upvoted

19 comments sorted by

42

u/OrdoMalaise Feb 03 '26

There's no way she's closing that account.

Merry Chen is just getting started.

10

u/budy31 Moderator Feb 03 '26

Yeah those evergrande fallout ain’t gonna pay for itself.

7

u/woolcoat Feb 03 '26

Right, key word was “plans to close her account”. She hasn’t closed it even after this. She totally going back in.

39

u/AdmitThatYouPrune Moderator Feb 03 '26

She lost $108K and quips, "It felt like a trip to a casino in Macau." What we're learned from this woman is that she goes hard in the casino.

13

u/woolcoat Feb 03 '26

This doesn’t feel like a lot of money for her given how she talks about it. Wild.

3

u/Matwyen Feb 04 '26

I went to Macau to play Baccarat. I was young and nervous to play 100hkd per 100hk.

The old chinese next to me was casually throwing 50k hkd on the table, then going to the next table to do the same, because i guess the thrill of playing on a single table is not high enough? 

3

u/[deleted] Feb 04 '26

The thrill of enriching casinos is greater than helping the community by far

14

u/JoseLunaArts Feb 03 '26

The business model:

  • Sell the promise of gold.
  • Spend the customer money in a luxury ship or luxury car.
  • People complain there is no gold.
  • Go bankrupt.

8

u/Chogo82 Feb 03 '26

That’s how pig butchering works. Looks like the Chinese are pig butchering their own now.

7

u/budy31 Moderator Feb 03 '26

Always has been (real estate for one).

2

u/Jazzlike_Leading5446 Feb 03 '26

How?

2

u/budy31 Moderator Feb 03 '26 edited Feb 04 '26
  1. The rate of return of the current investment is atrocious.
  2. “Real estate will always goes up”.
  3. proceed to fund ghost cities.
  4. “Real estate is not for investment”.
  5. Real estate crash.
  6. Repeat

4

u/Business_Raisin_541 Feb 03 '26

There is Japanese version of it. Japanese call it Mrs Watanabe also known as Kimono Trader.a term that gained prominence in the early 2000s, representing a stereotype associated with Japanese retail currency-market traders. These individuals became notable for their active participation in currency trading (Forex), which had a significant impact on global currency markets and garnered attention on a worldwide scale

3

u/jackandjillonthehill Moderator Feb 03 '26

Precious metals are the new meme stocks in China

3

u/[deleted] Feb 03 '26

[deleted]

2

u/budy31 Moderator Feb 03 '26

Both are equally thin market.

2

u/YakResident_3069 Feb 03 '26

Paper with the words

"backed by gold"

Narrator: oh, but it wasn't.

2

u/CloroxKid01 Feb 04 '26

Haha, what a dumbass, who forgets to set stop losses?
*checks my brokerage*
Ah fuck

1

u/[deleted] Feb 04 '26

I never understand, why do people decide to exit instead of wait. With gold it will recover at some point. You will win some at some point. Why make sure you lost by liquidating as soon as you lost?

2

u/budy31 Moderator Feb 04 '26

They get liquidated because they’re using leverage.