Will China Bail Out Evergrande, The Coming Contagion or Neither?

The answer will determine how the market moves for the foreseeable future.

Markets are taking a shellacking on Monday as the world sits idly by and waits to see whether Chinese property developer Evergrande’s insolvency and leverage come back to haunt the rest of the global financial markets.

The question that is going to drive the markets is whether or not the People’s Bank of China will eventually step in to provide some liqu…