Hello fellow Rebel capitalists hope you're well.

So breaking news out of China, the real estate market is really having problems.

I think Crash might even be an understatement.

I mean about a year ago, we were talking about about ever grand but now it's getting much much worse and this could

spill over into the global economy and definitely impact the US so let's get right over to see and be see and check this out.

Title, Hong Kong, and this is in real time,

you this was as of 3.35 AM.m. this morning, Eastern time.

Hong Kong, China stocks extend losses.

Country Garden, which is,

we'll get into it here in a moment, I believe is the biggest property

developer in China. And you say, okay, George, who cares? That's just the real estate market. Now, you

got to understand that the real estate market in China is like like 30% of the

economy. I don't know if it's that number specifically but it's like an astronomically high percentage. So if the real estate

market is tanking in China, obviously that's not a good sign, but that's going

to spill over into the Chinese economy and like I said

it could have global impacts extending as far as the United States so a country garden which I believe is their largest

real estate developer down 17% to new record low.

I have a picture here of Japan.

I've no idea why, but okay.

The index

this is the Hong Kong market tumbled by almost 2% is dragged by basic materials

consumer cyclical however the real estate sector also saw a

...