A Tsunami of Bad Debt is rolling to our shore, to drown unexpected parts of the economy – and how to survive

Bankruptcy rates are closely linked to GDP volatility. In OECD countries the regular insolvency rate is around 8%. Though dramatic for the individual firms, this is a healthy process for the economy, as part of economic Darwinism, selecting the weakest market participants. Companies, failing to adapt to changing market conditions as a result of inertia,... Continue Reading →

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