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Category Economics

Economics

The Debt Ceiling: An Affectionate History

United States Congress debt ceiling

<img width="640" height="480" src="https://davidjhowden.com/wp-content/uploads/2021/09/united-states-2361405_640.jpg" class="attachment-medium_large size-medium_large wp-post-image" alt="United States Congress debt ceiling" decoding="async" fetchpriority="high" srcset="https://davidjhowden.com/wp-content/uploads/2021/09/united-states-2361405_640.jpg 640w, https://davidjhowden.com/wp-content/uploads/2021/09/united-states-2361405_640-300x225.jpg 300w" sizes="(max-width: 640px) 100vw, 640px" />

Remember the movie “Groundhog Day”? The protagonist, played by Bill Murray, is stuck in a cycle where he relives the same day, February 2, every time he awakens in the small town of Punxsutawney, Pennsylvania. The same events happen throughout…

David Howden
September 29, 2021

Economics, Equities

The Demise of Evergrande is a Foregone Conclusion

China Evergrande bankruptcy

<img width="768" height="512" src="https://davidjhowden.com/wp-content/uploads/2021/09/landscape-4266942_1920-768x512.jpg" class="attachment-medium_large size-medium_large wp-post-image" alt="China Evergrande bankruptcy" decoding="async" srcset="https://davidjhowden.com/wp-content/uploads/2021/09/landscape-4266942_1920-768x512.jpg 768w, https://davidjhowden.com/wp-content/uploads/2021/09/landscape-4266942_1920-300x200.jpg 300w, https://davidjhowden.com/wp-content/uploads/2021/09/landscape-4266942_1920-1024x682.jpg 1024w, https://davidjhowden.com/wp-content/uploads/2021/09/landscape-4266942_1920-1536x1023.jpg 1536w, https://davidjhowden.com/wp-content/uploads/2021/09/landscape-4266942_1920.jpg 1920w" sizes="(max-width: 768px) 100vw, 768px" />

China´s second-largest property developer, Evergrande, is in the news for its financial difficulties. Despite most people having never heard of the company a week ago, there is a broad consensus that its eventual default will bring pandemonium to the markets.…

David Howden
September 24, 2021