ANALYST OPINES -- Evergrade Collapse To Trigger Biggest Financial Crash Since 2008 This could happen a lot sooner than we think.
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https://www.asiamarkets.com/evergrande-empire-literally-about-to-crumble/
Evergrade Collapse To Trigger Biggest Financial Crash Since 2008
This could happen a lot sooner than we think.
"This is the first phase of the financial meltdown and panic will start soon," says veteran ratings analyst Dr Marco Metzler, who believes the demise of Chinese property giant Evergrande will "trigger the biggest financial crisis since 2008".
Dr Metzler believes were just started the phase of a crashing market and in soon people will panic and we will see crashes of more than 50%
He goes even further to say the trust in the dollar and the world financial system will fade away.
"I will comment on this in detail as soon as we see the big market crash," he said.
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https://www.smh.com.au/business/markets/billionaire-investor-says-historic-sharemarket-crash-is-nearly-certain-20220121-p59q23.html