The latest news on the Evergrande crisis indicates that the magnitude of its impending financial collapse will be even greater than anticipated. In today’s financial argument video, while analyzing the Evergrande crisis in full detail, I explain the risk of a possible global banking crisis and how it will trigger a worldwide real estate market crash.
This post by Lorimer Wilson, Managing Editor of munKNEE.com, is an edited ([ ]) and abridged (…) version of an article by Financial Argument for the sake of clarity and length to ensure a fast and easy read.
…Those who think the danger has passed and the Evergrande crisis will cool down are gravely mistaken. With the Evergrande Group’s attempt to sell a major stake of their property services unit falling through, the crisis is spiraling out of control.
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