[janalsncm]

When Evergrande went down in 2021 a lot of commentary said this would take their whole economy down (or worse) similar to how the subprime mortgage bubble took down the US economy in 2007. That didn’t really happen.

[refurb]

The problem is still unfolding. The debt overhang still exists from the housing bubble and is dragging on the economy.

It’s a problem that hasn’t been solved yet.