Markets may be focused on Ukraine and Russia, but there is another global problem that could be more damaging to the U.S. markets: China has an enormous amount of corporate debt coming due in April and July. Belpointe Asset Management's Chief Strategist David Nelson is very concerned the Chinese will struggle to make these debt payments. Many issuers are of low quality, including Shanghai Solar, which became the first Chinese company to default on a debt payment.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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