China is beginning to collapse financially

Don't take my word for it.  Here's Joe Brown from Heresy Financial channel giving his take on the current trouble with China's economy.  He gives a good overview in this video.  Much like the pandemic, this is another thing coming out of China whose contagion will spread around the world.  

I'm not going to editorialize on this one, just give you links to several really smart people speaking on this subject in the last few days.  

" black swan event...!" Jeff Snider of Eurodollar University on the dismal economic numbers coming (and not coming) out of China

"Nightmare unfolds" Steven Van Metre looking into the Chinese economy, and the Evergrande bankruptcy

"Verge of collapse"  David from Money GPS channel, with his take on the economic problems in China

These are four really smart people on money and finances, all looking at the events of the last few days in China.  The huge Chinese real estate developer, Evergrande, filed for Chapter 15 bankruptcy in Manhattan the other day, to try and get help dealing with its U.S. and world creditors.  The Chinese yuan is sinking in value, as well.  Their economy is slowing down dramatically.  There will be effects of China's troubles hitting the U.S. economy and businesses soon.  

I'm doing a lot of my writing on Substack these days, check it out:

Steve Emig The White Bear's Substack

The world's biggest property developer just went bankrupt: China's Evergrande goes Chapter 15

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:

Steve Emig The White Bear's Substack