Sept. 18, 2021

The Unfolding Crisis That Is Evergrande.

The Unfolding Crisis That Is Evergrande.

Financial crises are unlike any other great corporate catastrophe. There is no visible indication that anything is amiss. Unlike a giant industrial fire, or a mine collapse, or an oil well fire. There is really nothing to see.
 
And unlike any of those o...


Financial crises are unlike any other great corporate catastrophe. There is no visible indication that anything is amiss. Unlike a giant industrial fire, or a mine collapse, or an oil well fire. There is really nothing to see.

 

And unlike any of those other tragedies, the financial crisis is usually not a surprise. Management and the financial division usually know months in advance that the crisis is inevitable.