In 2017, China’s real estate boom seemed unstoppable.
One real estate development firm towered above the rest: China Evergrande Group. The firm’s rapid growth was aided by overconfidence and huge amounts of leverage.
In July 2017, Global Market Perspective made this prediction: “The manic, debt-fueled nature of the advance suggests that China Evergrande, and China real estate in general, are in topping territory.”
Just three months later, the share price of Evergrande peaked and proceeded to fall an astounding 99%.
Our February 2025 GMP provided an update with the chart below, showing that China Evergrande’s shares had fallen from over $31 to just 16 cents.
Imagine if you had read our warning THREE MONTHS BEFORE THE TOP, in 2017. You would have been prepared for the stunning crash that followed.
Why are we showing you this event from the past? Because we do this kind of thing all the time.
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