Blog

Likely Collapse of Chinese Real Estate Conglomerate Evergrande Roils World Markets

Nearly a year ago, on this blog we described the sequence of events that led to the Great Recession ( or “Global Financial Crisis”) of 2008-2009. The underlying problem was real estate-related debt: as inflated housing prices collapsed, many people couldn’t (or wouldn’t) pay their mortgages. Various financial dominos fell, but the one that gets…

Loading…

Something went wrong. Please refresh the page and/or try again.