The Big Short Michael Burry Warns China’s Evergrande Debt Crisis Potential Meltdown!

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TOPICS AND TIMESTAMPS:
Evergrande 0:00
MICHAEL BURRY 0:37
WHO OWNS IT? 7:49
NO BAILOUT? 10:07

$GPS INSIGHTS
#1 MICHAEL BURRY WAS WARNING IN 2005 ABOUT SUBPRIME
#2 SUGGESTING HERE THAT A DEBT CRISIS CAN ERUPT ANYWHERE
#3 HAVE RESPECT FOR THE POWER OF MARKETS AND SPEED OF CHANGE

Michael Burry The Big Short has warned about a crisis in China. Evergrande is a big risk today. Millions of people have lost their unemployment benefits. The U.S. consumer is maxed out. They need more stimulus in order to continue this economy. And of course, stocks need their artificial boost as well. The U.S. consumer is maxed out. Consumer sentiment is down heavily. Real estate continues to increase in price right now as we see low interest rates keep this going. There is upward pressure on markets right now globally because of the inflation of the money supply. As a result, we are finding prices of just about everything being higher. Money, cash, debt is coming into the markets at this time finding its way into stocks, bonds, real estate. Social security is running out of money. Pension funds are not keeping up with inflation. Natural gas and crude oil prices are rising as well as all energy and food prices.

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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It's simply data that is generally not found through conventional means.
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