bankruptcy

Insolvencies are at their highest level since 2015.

Notwithstanding the economy's resilience to rate hikes care of excess consumer savings buffers, bankruptcies are rising quickly...

The stock market tends to be driven by narrative. For much of last year, the narrative was that bad news was good news. Bad economic news meant bond yields fell and...

The expected imminent bankruptcy of Greensill Capital might come as a surprise given it had recently been touted as having an equity valuation of $7 billion. However,...

Investing in Chinese debt used to be easy. Chinese bonds and loans almost never defaulted and when they did there was almost always a government bailout. Recent years...

Investment markets have a host of both positive and negative factors fighting for supremacy. The real question is whether central banks and governments will engineer a...

Governments the world over have been lamenting the lack of productivity growth for the last 15 years. In Australia this has been somewhat masked by our enormous...

The US leveraged loan market has had a tough year but the pain is set to continue for years to come. At the start of the year margins were low and competition for...

One of the big advantages of being a debt investor is that you can make long term investment decisions with far fewer short term consequences than an equity investor....

Whilst I’m generally cynical about politicians, their creativity in finding ways to blame others for what are obviously their problems shows they do have intelligence,...

Investment markets are in the eye of the storm. The initial storm danger came as COVID-19 hit, decimating jobs and smashing demand. Governments and central banks ably...

Some commentators have gone as far as saying capitalism is broken as the share market is a on a tear when the economy is suffering so badly. Whilst the recent surge...

It’s an issue that has passed under the radar here in Australia but it is of great political, economic, legal and credit risk interest. It’s the argument over whether...

Credit securities, both in Australia and globally are getting back on their feet. The bookbuilds this week of $1 billion of corporate debt by Woolworths, $1.25 billion...

Australia’s political leaders are making critical decisions daily. The greatest of these is striking a balance between a potential spike in deaths from Covid-19 and...

Virgin Australia has been poorly managed and poorly capitalised for years. Whilst the Coronavirus lock-down is the most recent cause of its woes it is merely the...

The substantial weakening of corporate insolvency protections announced by the Federal Government effectively gives companies a green light to steal from their...

If you want to search for weaknesses that could lead to another financial crisis, banks are a very good place to start. The last financial crisis saw banks around the...

The travails of Argentina are well known, they’ve defaulted on their debt yet again with bondholders now fretting over how big a haircut the country will try to impose...