As the SP500 begins to experience a rare drawdown you will see the word Evergrande appear on news networks across America. What started off as a potential crisis in the Far East has now spread worldwide. Markets in Europe, the United States, and Asia are now all seeing fear levels rise, and selling begins. Infamous investor Michael Burry reopened his Twitter (now verified) to chime in on the developing situation. In today’s video, we answer the question everyone seems to be asking. Is Evergrande the Chinese Leman brothers, and can its downfall bring down the entire global economy?

Twitter Thread Link:

@EconomicsExplained Link:

@HowMoneyWorks Link

source