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The Odlum Brown Research Blog

  • The Evergrande Fiasco: Short-Term Pain for Long-Term Gain?

    By Murray Leith CFA, Executive Vice President & Director, Investment Research
    Friday, November 12, 2021
    In September, shock waves reverberated through global financial markets on news that Evergrande Group, China’s second-largest real estate developer, was on the verge of defaulting on its U.S.-dollar bonds. For a brief moment, stock prices all over the world dropped as nervous investors wondered whether Evergrande’s collapse would be China’s Lehman Brothers moment, and the trigger of a major global financial disaster.
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