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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

If you’re not a numbers person, finance is daunting. Stop avoiding finance because you’re afraid of numbers. Think of it this way, “Finance is the way businesses keep score. “Finance and accounting are very simple. .” “Finance and accounting are very simple. Overcome your fears.

Finance 28
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Laughable Eurozone Banking "Non-Union"; Expect Disorderly Breakup

MishTalk

Germany Backtracks on Banking Union MarketWatch reports Germany appears to backtrack on EU banking deal EU finance ministers have promised to agree on a so-called single-resolution mechanism--consisting of more centralized decision-making and financing for the shuttering or downsizing of failing banks--before the end of the year.

Banking 73
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China Cash Crunch Eases, For How Long? Three Things China Needs to Avoid; When can Beijing Truly move to Market-Determined Interest Rates?

MishTalk

Total credit in the economy (total social financing) showed a 40 per cent rise in November over the prior month and is on course for growth this year of almost 20 per cent. In fact we can judge the effectiveness of Beijing’s implementation of the reforms by how rapidly growth declines over the 2014 and 2015.

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Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

MishTalk

An updated study by Ahir and Loungani (2014) finds that the private-sector’s record of failure to predict recessions remained intact through 2008 and 2009. Recessions triggered by financial crises are typically preceded by sustained episodes of bubbly asset prices and debt-financed spending booms. A study by Alessi, et al.

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The Globalization Backlash Is Reverberating Through Boardrooms

Harvard Business

Meanwhile the Institute of International Finance forecasted net capital flows for emerging markets in 2015 would be negative for the first time since 1988. And in 2014, Pfizer, the U.S. Imports among the world’s 20 largest economies have fallen as a share of their gross domestic product for four consecutive years.

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Descent of the Global Monetary System

Tom Spencer

For example, if the US government spends more than it collects in taxes, it can finance the budget deficit by selling bonds. In March, American food prices rose at their fastest rate since 2014. The bonds are sold to primary dealers , who can then on sell the bonds to the Federal Reserve, who buys them with newly printed money.).

System 88
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Prisoner's Dilemma Game in Greece; Contagion-Spread Eurozone Breakup More Likely Now; How will Greece NOT pay back €320 billion?

MishTalk

It does not need to borrow money from foreign countries to finance its ongoing deficit (because there is no deficit). On Sunday lawmakers passed the 2014 budget without showing it to the IMF or the commission as demanded by EU rules. Unless Germany forgives Greek debt, Greece is more likely than ever to default.