David from the Money GPS YouTube channel gives us a first look into the collapse and bankruptcy of China's Evergrande, said to be the world's largest property development company. China's real eatate market is a $62 trillion industry, it's the single largest asset class on Earth, bigger than the bond markets, stock markets, and every other asset class. And it's in big trouble right now.
I've been watching David's Money GPS channel since late 2019, shortly after the Repo Market crisis happened. He's had his eye on the Chinese real estate market for quite a while, and in the video above, he gives his early take on what's happening with the bankruptcy of Evergrande, and where things are likely to go from here. He takes his information from original sources, not 2nd or 3rd hand opinions. This helps us get a clearer picture of what's happening around the world in economics, business trade, and related issues.
I'm doing a lot of writing on Substack these days, check it out:
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