, Columnist
Evergrande Is Not Another Lehman Brothers (Probably)
China probably won’t let it melt down, but markets are freaking out anyway.
Dark times.
Photographer: NOEL CELIS/AFP/Getty Images
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On a Financial Nightmare scale that runs from “New Jersey deli is worth $100 million” to “Lehman Brothers,” China Evergrande Group probably falls somewhere in the middle, maybe just below “Long-Term Capital Management.” It could be terrible. It probably won’t be. Hopefully.