China

Out of context: Reply #660

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  My friend is an architect here in NYC. Medium/Large firm. On the weekend he told me “all our clients just stopped paying recently. Invoices were sent for a while and then they just told us ‘we aren’t paying’. I asked him why and he just shrugged.

  Tens of millions of dollars, so not a remarkable amount of money but also not just one client. Many clients.

  What do you think is going on here?

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  • Ugh typo. He said “all our clients in China”
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  • Err, 'tens of millions' can make or break even the healthiest of shops. Not sure I'd be so dismissive of the kind of lost income.Continuity
  • *that kind ofContinuity
  • Their entire real estate market collapsed what would you expect
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  • Yeah it’s lots of money to their firm, but not lots of money in the economy
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