Evergrande’s liquidation is a new low in China’s property crisis
“Enough is enough,” declared a Hong Kong judge on January 29th of Evergrande, a failing Chinese property behemoth, and its two-year struggle to avoid repaying its creditors. In a landmark ruling, the court ordered a liquidation of the company, which, with more than $300bn in liabilities, is the world’s most indebted real-estate developer. A provisional […]
Time for the Fed to Ease Up
Eagle on the facade of the Federal Reserve Building in Washington, DC After a scare with January’s Consumer Price Index (CPI) release, economists and market watchers are breathing a sigh of relief following the latest Personal Consumption Expenditures Price Index (PCEPI) data. Both headline and core inflation (excluding food and energy prices) inflation were 0.2 […]
Computers Why | Armstrong Economics
QUESTION: I have two questions. First, what made you enter the world of computers in the 1960s without laptops or desktops? Did you see the potential for the future? Second, you had said you were working on bringing voice to Socrates online. Where do you stand with that? KN ANSWER: My father wanted […]
