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? WATCH MORE OF MY MOST POPULAR VIDEOS: When does renting make more sense than buying a home?: /watch/EFAHu4IeMAKeH How to calculate your Net Worth: /watch/Y9RYdtNnShKnY How to find more money to save: /watch/0lcgIt7e-lTeg My podcast about "Mostly Money" things: https://www.buzzsprout.com/5821 ABOUT ME: I've hosted a personal finance TV show on the Oprah Winfrey Network, used to be a stockbroker, went to school to become a racecar driver (failed), founded a fintech company that provides financial planning software to financial advisors who want to help more people who don't have lots of money, and I consult with wealth management companies on commercializing applications of behavioral finance. I'm also quite fond of donuts. SUBSCRIBE FOR MORE VIDEOS LIKE THIS: /user/preet182 MY BOOK TO LEARN ABOUT THE BASICS OF PERSONAL FINANCE: https://www.amazon.ca/gp/product/0143183516/ref= as_li_tf_tl?ie=UTF8&camp=15121&creative=330641&creativeASIN=0143183516&linkCode=as2&tag=whercom-20 FOLLOW ME ON TWITTER http://twitter.com/preetbanerjee WEBSITE: http://www.preetbanerjee.com #MoneySchool #PersonalFinance #LearnAboutMoney #LearnToInvest #money #stockmarket #finance #howtoinvest #budgeting #budget #savemoney #insurance #financialplanning

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