You probably didn’t spend the weekend wondering how a Chinese property giant could gut punch your nest egg. Well, welcome to the global economy. It’s a small world … smaller now given the shrinkage of your stock portfolio. “For more than two decades, Evergrande was China’s largest developer, minting money from a property boom on a scale the world had never seen. With each success, Evergrande expanded into new areas — bottled water, professional sports, electric vehicles.” And now? “Evergrande has become the country’s most indebted company. It owes money to lenders, suppliers and foreign investors. It owes unfinished apartments to home buyers and has racked up more than $300 billion in unpaid bills.” How bad is it? Evergrande Gave Workers a Choice: Loan Us Cash or Lose Your Bonus. (An NYT gift article for ND readers.)

+ “The biggest fear investors should have with the crisis gripping overly indebted Chinese real estate developer Evergrande is global contagion, argues Goldman Sachs.” (Just what we need. More global contagion.)

+ Xi Sheds Capitalism: “The Chinese President is not just trying to rein in a few big tech and other companies and show who is boss in China. He is trying to roll back China’s decadeslong evolution toward Western-style capitalism and put the country on a different path entirely.” Speaking of Chinese trends that could impact your bottom line. WSJ: Xi Jinping Aims to Rein In Chinese Capitalism, Hew to Mao’s Socialist Vision. Hewly shit.