Hello, Hello, Rebel Capital's hope you're well.

I'm here with my good buddy research assistant, well,

less good looking research assistant, Josh,

and our good buddy Jeff Snyder via green screen. We're going to talk about the Chinese

real estate market crashing ever grand the stock down 87% today.

So the question becomes, could this trigger another GFC, call it GFC 2.0?

Let's go right over to MBC and check this out.

Like we said, Evergrand shares plunge as much as 87%

today as trading resumed after 17 months key talking points China

evergrand group last traded on Hong Kong exchange on March 18th. I guess they

had halted trading so they could figure out their balance sheet,

their dollar-denominated debt, more on that in just a moment. And they said, okay, fine, I guess

we've got things figured out. We went ahead and filed chapter, I think 15 bankruptcy here in the United States. So, no problem. smooth sailing ahead. And then they opened up trading and it's wah-wah-wah down 87% the company

also posted a loss of oh just a mere 5.38 billion. For the year, no no, no, you would be wrong for the

last six months ending in June. And their liabilities are only 2.39 trillion you won. So they kind of reiterate

what we just said right there. And then they show this chart, which is one of the craziest charts I've ever seen. It's just straight, nothing's happening and then,

it's like Wiley Coyote right off the cliff,

when he kind of looks down and notices,

there's nothing between him and the ground

other than about a thousand feet of air.

And that's the actual, well, not this chart, but the different chart, the one I use in the thumbnail,

that was Ever Grant. That's, we didn't make that chart up. So now let's go over to Bloomberg, because here's where it gets interesting.

...