China Evergrande is not Lehman Brothers Published by Hilliard MacBeth on Sep 24, 2021 The China Evergrande debacle continues to worsen. China Evergrande, the second largest property developer in China and the most indebted in the world, missed loan payments this week, triggering a technical default. Is the China Evergrande crisis like... Read more
Nuclear power cannot replace fossil fuels Published by Hilliard MacBeth on Sep 17, 2021 Nuclear power is an important source of low-emissions electricity that many expect to play a key role in meeting the challenge of reducing carbon emissions to zero by 2050. As coal-fired electricity generation is phased out, electricity demand will be... Read more
Irrational exuberance is here again Published by Hilliard MacBeth on Sep 10, 2021 Irrational exuberance is a term introduced by Alan Greenspan in a speech in December 1996. In 2021, the degree of enthusiasm for financial assets is at an extreme seldom seen before throughout history. Will this episode of irrational exuberance lead to... Read more
Corporate debt threatens the recovery Published by Hilliard MacBeth on Sep 03, 2021 Corporate indebtedness has been increasing at a steady rate for years. The rate of increase has even accelerated since 2008. This amount of debt in the corporate world makes the economy more vulnerable to new shocks. Will elevated corporate debt trigger... Read more