The warnings are growing louder. Another world-shaking "Black Swan" event may be on its way - and it could affect us all. Something like the collapse of Lehman Brothers and the financial crisis that followed causing great destruction. But what is a Black Swan event and what form will it take this time? Could it be it be hyperinflation, rising interest rates, food shortages - or perhaps China's property market? China’s second biggest property developer, Evergrande is on the brink of collapse, owing Chinese and Foreign creditors $305 billion. It came into further trouble when the Chinese government introduced its new, stricter, borrowing regulations last year called “three-red-line” policy which was meant to help make housing more affordable. And Evergrande is not the only one facing a debt crisis.
What are your predictions?
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