With Evergrande missing their payment deadline this past Thursday, the scare seems far from over, having already created significant turmoil in global financial markets. Brian McCarthy, China macro expert and managing principal at Macrolens LLC, takes a deep dive into the volatility in the Chinese credit market. McCarthy discusses the inevitability of Evergrande’s collapse and how the changes in China’s private sector policy set up the real-estate giant for the perfect storm. Interviewed by Jack Farley.