Big commercial real estate firm in China, Evergrande, has $300 billion in debt and is having serious difficulty servicing it. The Hong Kong stock exchange dropped 794 points today and has dropped thousands of points in the last couple of weeks. Banks from all over the world are heavily invested in Evergrande and this could start a liquidity crisis, a domino effect. Will be interesting to see how our stock exchanges do today. Bonds, stocks, real estate are all overpriced bubbles and this may be the catalyst that pops them. As in an eventual 50-70% drop, maybe more.