by Tim Delaney | May 23, 2018
Under pressure from rising interest rates, soaring inflation, and growing government debt, the Argentine peso has crashed in the last few weeks. The government is asking the International Monetary Fund for a credit facility of up to $30 billion to help cover imports...
by Tim Delaney | Dec 31, 2017
Modern history is littered with the corpses of collapsed banks. From the Great Depression in the 1930s to the financial crisis of 2008 banks have gone down, taking depositors’, lenders’, and shareholders’ funds with them as they fell. All too often they’ve taken the...
by Tim Delaney | Sep 27, 2017
We’ve posted several times before about the early warning signs of financial distress, most notably about Borders and about Borders again. With the recent bankruptcy of Toys R Us, this seems like a good time to return to the subject. Spotting trouble before it...
by Tim Delaney | Aug 15, 2017
Liquidity matters Liquidity problems lead to more bankruptcies than any other cause. For such an important issue, it’s surprising how much confusion there is defining liquidity and measuring it. In this post we’ll try to add some clarity to the discussion about what...
by Tim Delaney | Feb 10, 2017
Last summer Hanjin Shipping failed. It was only the sixth largest container shipping company in the world, but its bankruptcy may be the first of many in an industry caught in very heavy weather of its own making. ...
