The Unfolding Crisis That Is Evergrande.

<p style="margin-bottom:0in;">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.</p> <p style="margin-bottom:0in;"> </p> <p style="margin-bottom:0in;">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. </p>