How CHINA and EVERGRANDE are CRASHING the Stock Market!

Today we discuss the real estate crisis going on in china with evergrande and the lost of billions of dollars of real estate value, and how it has effected the global economy.

Josh Olfert is a professional CFP financial advisor and the Founder of Haven Wealth Management investment fund based out of Winnipeg Canada. Through this channel Josh shares his knowledge of wealth accumulation and personal investing to the world, in an effort to improve financial literacy and help everyone achieve their financial goals.

All numbers and figures discussed in this video are purely for illustrative purposes and are not to be taken as financial advice.

[jballin]

I'm curious how it will affect the US markets. I mean the US stock market has restricted trading on a list of Chinese companies, and we have been pushing for US production initiatives in recent years, some of which I think has come to fruition (not nearly as much as has been planned/projected/promised), but we are still deeply enmeshed with China and the global economy on multiple fronts. You gave a good explanation of the underlying scenario, but would love a deeper dive into where you think this could evolve in terms of impact.

[brycew]

Interesting as well with the Chinese government saying they aren’t going to bail out the company, but the Chinese market is relatively isolated to Chinese investors, so maybe they’ll just backstop the people?

Big stumble for China, but I don’t think the ripple effect will be that dramatic in this scenario