Nui, lima, poʻe, hōʻaiʻē, kālā,, hōʻaiʻē,, hōʻaiʻē, mai, panakō, a i ʻoleʻO nā māhoe mua o kahi hōʻaiʻē hōʻaiʻē e pā ana i nā ʻoihana ma ka ʻaoʻao haʻahaʻa o ke kaulahao meaʻai hui.E ʻai i ka pipi ma mua o ka hoʻoikaika ʻana.

Ua pau nā lā o ka loaʻa kālā maʻalahi.ʻO kahi ʻino maikaʻi o ka piʻi ʻana o ka uku paneʻe, ʻoi aku ka nui o ka hōʻaiʻē ma waena o ka haunaele hoʻokele waiwai a me ka hoʻopaʻa ʻana i ka nui o ka panakō waena ke ʻoki nei i nā ʻoihana i helu ʻia.

ʻO nā makahiki i hala iho nei he anomaly, e like me Tony Carfang, ka luna hoʻomalu ma The Carfang Group, kahi hui kūkākūkā waihona kālā: "ʻO nā ʻōlelo kālā maikaʻi o nā makahiki ʻelua i hala aku nei ʻaʻole i kūlike me ke kiʻi lōʻihi o ka hōʻaiʻē kiʻekiʻe. makeke.”

ʻO nā ʻoihana i hoʻolimalima hou i ka wā i paʻi ʻia ai ka maʻi maʻi Covid-19 e noho nani nei - no kēia manawa.No nā ʻoihana e pono e hoʻihoʻi hou i nā hale ʻaiʻē i loaʻa a i ʻole e ʻimi i nā kuʻikahi kālā hou, ʻoi aku ka lahilahi o kā lākou koho.

"Hiki i nā ʻoihana [haʻahaʻa haʻahaʻa] ke komo i kahi ʻāpana paʻakikī no ka mea e piʻi ana ka uku paneʻe i ka Eurozone," wahi a François Masquelier, ka luna o Luxembourg o ka European Association of Corporate Treasurers."ʻO ka piʻi ʻana o ka uku paneʻe hiki ke lilo i kumu maʻalahi i ka loaʻa ʻana o ka hōʻaiʻē."

ʻO ka hoʻopiʻi kālā e pili pono ana i nā ʻoihana i loaʻa i ka mua o ka makahiki a i ʻole i ka makahiki i hala me ke kōkua o nā hōʻaiʻē alahaka, e pau ana.ʻO ka hoʻopuka ʻana i ka palapala hoʻopaʻa ʻo ia ka hana e hiki mai ana, akā paʻakikī paha ia.Ua emi iho ka nui o nā hui e hoʻopuka ana i nā palapala hoʻopaʻa ʻino i kēia makahiki.Ma ke ao holoʻokoʻa, ua hoʻopuka nā hui 210 i $ 111 biliona o nā paʻa junk i nā mahina ʻewalu mua o ka makahiki.He hāʻule nui kēlā mai kahi makahiki i hala aku nei i ka wā i hoʻopuka ai nā hui 816 i $ 500 biliona, e like me ka mea hāʻawi ʻikepili Dealogic.

Laha ʻia ka hāʻule ma waena o ka US, ʻEulopa a me ʻAsia-Pākīpika ma kahi ʻāpana no ka mea ua hoʻokau nā ʻoihana i ka hōʻaiʻē ma 2021 ʻoiai he mea maʻalahi.No laila, ʻaʻole pono lākou e hoʻihoʻi hou i ka makahiki 2022. Eia nō naʻe, ke piʻi nei ke kumukūʻai a no laila ʻoi aku ka maikaʻi o ka hoʻopuka ʻana i nā aie hou.

"ʻO kekahi o kēlā huki hoʻihoʻi maʻamau - ʻaʻole hiki ke hoʻomau ʻia ka wikiwiki o 2021," wahi a Eric Rosenthal, ka luna kiʻekiʻe o ka leveraged kālā ma Fitch Ratings."Akā ʻo ka mea ʻoiaʻiʻo ke nānā nei mākou i ka hoʻopuka ʻana i haʻahaʻa loa e like me ko mākou i 2008, he mea weliweli loa ia."

ʻO ka mākeke hoʻopaʻa ʻoihana maikaʻi, no ka laʻana, "make."Wahi a kekahi poʻo bearish o ka waihona kālā kālā ma kahi panakō Farani ma Lākana.ʻO ke awa mua o kahi hui ʻo kā lākou panakō e hoʻolōʻihi i kā lākou hōʻaiʻē alahaka a i ʻole ke kūkulu ʻana i kahi hale hōʻaiʻē pōkole a hiki i ka wā e hiki ai iā lākou ke hoʻopuka i kahi palapala hoʻopaʻa, wehewehe ʻo ia.

E kūʻai aku iā ʻoe e ʻōhū i ka waihona kālā o ka Hui

ʻO kahi koho ʻē aʻe no nā ʻoihana ma lalo o ka puʻuwai e pono ai ke kālā kālā e hana i kahi loiloi hoʻolālā a noʻonoʻo e kūʻai aku i nā waiwai.Ua hoʻonohonoho ʻia ka uku paʻamau no nā mea hōʻaiʻē junk-rate e hoʻonui.Ma hope o ka mālama ʻana i nā poho kaumaha i kēia makahiki, ke hoʻoluʻu nei nā panakō i nā ʻoihana ʻoi aku ka maikaʻi ma kā lākou mau puke.

Kuhi ʻia nā panakō US a me ʻEulopa e nalowale ma mua o $ 5 biliona ma mua o nā hōʻaiʻē kūʻai kūʻai.Ua kākau ʻo Bank of America a me Citigroup i ka € 1 biliona ma ka leveraged a me nā hōʻaiʻē alahaka i ka lua o ka hapaha wale nō, hōʻike ʻo Reuters.

Ua kākau ʻo Wells Fargo i $ 107 miliona ma nā hoʻohiki kālā leverage ʻole i ka wā e hoʻonui ai ka mākeke i ke ahi.ʻO ke kolu o ka panakō nui loa e nā waiwai i ka US ua loaʻa i kahi $ 576 miliona "impairment of equity securities" ma hope o ka hāʻule ʻana o ka mākeke i ka lua o ka hapaha i hōʻeha i kāna ʻoihana ʻoihana.Ua wānana ʻo Fitch i ka helu paʻamau no nā paʻa hua kiʻekiʻe e pālua i ka 1% i kēia makahiki ma US a me 1.5% ma ʻEulopa a piʻi hou aʻe ma waena o 1.25% -1.75% a me 2.5% i 2023, kēlā me kēia.

Ke hoʻopaʻa nei nā mea kūʻai aku i ko lākou mau kāʻei i ka wā paʻakikī, e kau ana i ke koʻikoʻi i nā ʻoihana i hoʻouka i ka aie i nā manawa maikaʻi akā ʻaʻole naʻe e hoʻololi i ka loaʻa kālā.I ka makahiki 2021, ua holo kiʻekiʻe ʻo Just Eat ma hope o ke kūʻai ʻana i ka hoʻokūkū US Grubhub no ka € 7.3 biliona e ulu i kāna ʻāpana o ka mākeke hāʻawi meaʻai.I hoʻokahi makahiki ma hope mai, i ka hoʻohuli ʻana o ka waiwai, ke ʻimi nei ka mea lawe nui i ke kālā.

I ʻAukake, hoʻokahi makahiki ma hope o ka hoʻopaʻa ʻana i ka ʻaelike e kūʻai aku iā Grubhub, ua kākau ʻo Just Eat i ka € 3 biliona mai kāna loaʻa.A laila kūʻai aku ʻo ia i kāna kuleana i ka app hoʻopuka ʻo Brazil iFood no ka € 1.8 biliona e hoʻoikaika i kāna waihona kālā a uku i ka aie.

"E ʻike mākou i nā mea hou aʻe o kēlā mau ʻano hoʻoponopono hou a i ʻole spinoffs e hiki ai i kahi hui ke hoʻonui i ke kaulike a i ʻole ka hoʻomaikaʻi ʻana i ke ʻano o kāna waihona kaulike," wahi a Carfang."Inā kūʻai ʻoe i ka manawa, pono paha kēlā mau mea.Akā aia ka palena i ka mea hiki ke hana ia mau mea.Huli ʻoe a ʻōlohelohe ʻoe a laila he aha kāu e hana ai?

E ʻoi aku ka paʻakikī o nā kūlana kālā, wānana i nā poʻe loea, ʻoiai ʻo nā panakō waena e hoʻomaha i nā makahiki o ke kulekele pili kālā.Ke hoʻolālā nei ka Bank of England e kūʻai aku ma kahi o £ 200 miliona o nā paʻa hui i hoʻokahi pule, e hoʻonui ʻia i ka £ 10 biliona i ka hapaha, ma ke ʻano o kāna mau hoʻolālā hoʻolālā.Ua hoʻomaka mua ka hoʻopaʻa ʻana i ka nui ma US, me ka Federal Reserve e hana ana e hoʻokaʻawale i kāna waihona kālā $ 9 trillion i nā makahiki ʻehā e hiki mai ana.

ʻO Stagflation - kahi lanakila o ka piʻi nui, ʻaʻohe hana a me kahi ʻoihana maʻi - he mea hoʻoweliweli e ulu nei no nā mea hōʻaiʻē haʻahaʻa, ʻoi aku ka poʻe ma ʻEulopa, ka Middle East a me ʻApelika.Hoʻohaʻahaʻa kēia i ka ulu ʻana o ka hoʻokele waiwai ma ʻEulopa, i hoʻonui ʻia e nā haʻalulu idiosyncratic e like me Brexit, a me nā ʻoihana liʻiliʻi i nā ʻāpana hana maikaʻi e like me nā huahana.

"Ke ulu nei nā pilikia i nā ʻāpana i pilikia i ka hoʻonui ʻana a me ka huki hou ʻana i ka noi o nā mea kūʻai aku," wahi a ka luna nui o Fitch Ratings ʻo Lyuba Petrova."ʻO nā mea hoʻopuka kālā leveraged ʻEulopa he liʻiliʻi ka cushion e pili ana i kā lākou mau hoa US."

E lilo i mea hōʻaiʻē akamai

Pono nā puʻukū kālā a me nā luna hoʻokele kālā e hoʻopaʻa i nā mākeke kālā no ke kālā i nā manawa paʻakikī."ʻAʻole mākou e ʻike i kahi hōʻailona e hoʻomaha ana nā mākeke," wahi a Sarah Boyce, ka luna hoʻomalu o ke kulekele a me ka hui ʻenehana ma UK's Association of Corporate Treasurers."Manaʻo paha kēia i ka mea maʻamau hou no kekahi manawa."

Akā, hoʻohui ʻo ia, pono e mākaukau nā ʻoihana e luʻu i ka manawa kūpono ke kūlana."E wehe ʻia nā mākeke no nā manawa pōkole loa, no laila pono ʻoe e mākaukau e kaomi i ke pihi," wahi āna.“ʻAʻole ʻoe makemake e hoʻomaka i ke kaʻina hana i ka wā e wehe ai ka mākeke.Makemake ʻoe e mākaukau e hele.ʻO ka mea hope loa e pono ai ʻoe e noʻonoʻo pono ʻoe i ka ʻae ʻana o ka papa a ʻeono mau pule, no ka mea i kēlā manawa ua wehe a pani ʻia ka mākeke.

ʻO nā ʻoihana paʻakikī e ʻimi nei e hoʻopuka i ka aie a i ʻole ke kaulike e ʻimi i nā mea pāʻani pilikino no ke kōkua ʻana i ka hoʻopau ʻana.Ma mua o kēia makahiki, ua huli ka mea kūʻai kaʻa kaʻa ʻelua ʻo Carvana iā Apollo Global Management e hoʻopaʻa i kahi $ 1.6 biliona i kāna paʻa bumper $ 3.3 biliona e loaʻa kālā ai.Ua hele mai ma ke kumu kūʻai: he 10.25%.

Eia nō naʻe, hiki i nā ʻoihana ke hana i ka hoʻokō ʻana i nā kaʻina hana hoʻokele kālā, e like me ka hoʻomaikaʻi ʻana i nā huaʻōlelo invoicing a me ka hoʻopaʻa ʻana i ke kālā i hoʻopaʻa ʻia e noho wale ana i loko o nā hui honua.ʻO ka manawa kēia no nā hui e hoʻopili i kā lākou mau pilina i loaʻa no ka loaʻa kālā."E noʻonoʻo i kāu mau pilina pili pili kālā," wahi a Carfang.“E hele i ka panakō āu i hāʻawi nui ai i ka ʻoihana i ka wā i hala.E hele i ka panakō i ʻike iā ʻoe.E hele i nā panakō e hoʻomaopopo i kāu ʻoihana a no laila ʻaʻole paha e like me ka draconian i ka hoʻolaha ʻana i ka hōʻaiʻē a lākou e uku ai.

"E hele i nā panakō e mahalo nui i ka ʻoihana ancillary, e like me ka ʻoihana hoʻokele kālā e hiki iā ʻoe ke hāʻawi iā lākou e kōkua i ka hoʻopaʻi ʻana i ka pilikia, ma mua o ka hoʻomaka ʻana i kahi pilina hou loa - no ka mea e piʻi nui ana kēlā."


Ka manawa hoʻouna: ʻOkakopa-14-2022