Collapse Observer

Evergrande posts losses of $81b as China's property sector collapses ... https://www.cnn.com/2023/07/18/investin ... index.html

https://www.reuters.com/world/china/ins ... 023-08-31/

Business closures at a high in Australia in the face of rising interest rates and other costs ... https://www.abc.net.au/news/2023-08-30/ ... /102788742

Housing rents at record high in Australia ... https://www.abc.net.au/news/2023-04-06/ ... /102192770

House prices are also at a high in Australia and rising, partly because of record immigration despite a housing shortage.

Relevant to collapse because housing costs remove money from the economy that would otherwise support a wide range of other businesses.

The big winners are the banks and their shareholders.

Cost of living finally hits US fast food outlets ... https://www.nbcnews.com/business/consum ... rcna150299

Not so much in Australia though ... https://www.thenewdaily.com.au/finance/ ... ion-profit