Moon Economy: Dominoes, Defaults & Distortions

Not of this World

Is Evergrande going to trigger a global economic meltdown?

Unlikely. We could argue that the meltdown is already underway, just carefully disguised. What’s the likely impact of Evergrande’s troubles? Think back to the 2008 financial crisis, the Western world had dominoes that rippled globally as they have interlocked financial systems with highly leverag…