How the troubled package holiday firm became the latest casualty of a corporate debt bubble that has yet to fully unravel. Adam Leaver is a senior lecturer in Financial Innovation and Business Analysis at Manchester […]
CDOs’ were widely blamed for fuelling the financial crisis. Now similar instruments called ‘CLOs’ are in the ascendance. Is it time to start worrying? Adam Leaver is a senior lecturer in Financial Innovation and Business […]
Much has been written about the growth of debt since the Great Financial Crisis. But whilst leverage is a worry, much less has been written about the problem of asset quality. At first reading this […]
The state as the Ponzi scheme investor of last resort. “Is it for outsourcing firms to help the state with its service delivery problems, or is it for the state to help capital with its […]
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