China Evergrande's snowballing debt crisis

Very simple to understand. The price of assets like real estate , autos, etc., are grossly over priced relative to the purchasing power of 95% of all households. This is generally true on a world wide basis. This will be corrected by natural market forces in the form of a massive price collapse--50% price declines or more are possible for assets like real estate , stocks, bonds.... $CHINA EVERGRANDE GROUP(EGRNF.US)$