It seems like a ghost: Lehman Brothers.
Can you remember?
That was the American investment bank that collapsed in 2008 because of daring real estate deals.
It was the start of the global financial crisis.
And today?
Evergrande.
The Chinese mega-corporation has amassed billions in debt and is wobbling ominously.
The heart of the problem: real estate.
China is far away?
Maybe.
But quickly - as Lehman proved 13 years ago - the problems are on your doorstep.
Inken Schönauer
Editor in business, responsible for the financial market.
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"No comment" has been said so far by banks and regulators about the possible connections to Evergrande.
Caution is advised.
And otherwise?
Since Monday, the Dax has no longer had 30, but 40 members.
The stock exchange was not after cheering, however.
The start of trading with the refurbished leading index began with losses.
Why?
The spirit of Evergrande wafts across the floor.
This week there is also our Finances & Real Estate podcast.
We explain what's behind the Dax reform and what that means for investors.
What the Bundestag election means for all of us, we will not yet finally know next Sunday.
After all, after all the triells, it is finally the day of the days.
Will Annalena Baerbock, Armin Laschet or Olaf Scholz then move the markets?
Wait.
But the bulls on the stock market are getting nervous.
Share prices have been rising for a very long time.
For how much longer?
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Best regards,
Inken Schönauer
Head of Finance