The U.S. isn’t the only one that can break the global economy
A massive Chinese real estate company is freaking out the global markets. The Evergrande Group is sitting on tons of debt, and investors worry it could go broke and send ripple effects throughout China and beyond. We’ll explain the Evergrande crisis. Plus, you’re awesome! A big shoutout to all the “Make Me Smart” listeners who helped us beat our fundraising goal. And please send photos of you in your banana pants!
Here’s everything we talked about today:
- “Evergrande Blowup Ensnares Stocks With Very Little Link to China” from Bloomberg
- “Peter Thiel and Silicon Valley’s Pursuit of Power: Excerpt” from New York Magazine
- “Opinion | Janet Yellen: Congress, Raise the Debt Limit” from The Wall Street Journal
- “Covid-19 vaccine for 5- to 11-year-olds is safe and shows ‘robust’ antibody response, Pfizer says” from CNN
- “My 80s TV!”
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