The Evergrande Crisis Explained | What does it mean for your investments?

A beginner's explanation on the Evergrande crisis. What is Evergrande? Why is it in the news? How did they get into this mess? What does this mean for your investments? What happens next?

00:00 Intro
00:25 What is Evergrande?
01:27 Why is Evergrande in the news?
03:20 How did the crisis develop?
04:50 China's Ghost Towns
05:55 Financialization of housing
06:26 The Three Red Lines policy
08:30 "Safe" Wealth Management Products losing money
09:55 Is this a Lehman Brothers event?
11:20 How does it affect your investment portfolio?
12:30 Local contagion effects
13:45 Will China allow Evergrande to fail?

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