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Descent of the Global Monetary System

Tom Spencer

In the long run, it would seem fairer to base the global monetary system on an asset that is not produced exclusively by any one nation and which people are generally willing to accept as valuable. Bretton Woods System: 1944 – 1971. The Bretton Woods System created a kind of monetary discipline.

System 88
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The Challenges of Buying (and Selling) a Business

Martinka Consulting

There’s no MLS, the seller doesn’t want anybody to know the business is for sale, there’s a lot more information to verify, and comparable sales information is limited. This is a project-based business and work in process was not being recorded on the balance sheet. I could go on but you get the point.

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One Track Minds Means Inefficiency

Martinka Consulting

He doesn’t listen to the owner, won’t hire people for needed positions (he can do it all), and makes sales at low margins. From bidding (his expertise), to sales (he was good once it got to the technical part), and accounting (of which he knew almost nothing, especially regarding the balance sheet). Richard Branson.

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Beware of Incomplete Information

Martinka Consulting

.” She deciphered this by looking at the third quarter P&L and an October 23 balance sheet. ” Sure enough, the company’s job system and accounting system only sync at the end of the month so the drop in net income, as per the mid-month balance sheet, was fiction.

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Two-Week Price Inflation in Argentina hits 30%, US Products Lead the Way; Currency Devaluations Hit P&G Earnings

MishTalk

Forbes explains Venezuela, Argentina Currency Devaluations Hit P&G Expected Sales And Earnings. Due to devaluations in currencies like the Venezuelan bolivar, Argentine peso and Turkish lira, to name a few, the consumer product giant said that it is lowering its outlook for its full-year 2014 sales and earnings.

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How the Great Recession Changed Banking

Harvard Business

It may feel as though the financial system hasn’t changed much in the decade since the downturn, but it has. Most of the regulation was meant to safeguard the financial system, and the taxpayers who had to bail it out, from another crisis. Layoffs, particularly in sales and trading, have accompanied lower profits.

Banking 28
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Consultant Ninja: A Simple Question about the Credit Markets.

Consultant Ninja

Heres my understanding of the current TARP/TARPII/PPIP/etc plans: The major "sick" banks wont lend to businesses, because their balance sheets are tied up with bad assets that they cant sell. Should this happen we would suffer major systemic failure, potential hyper-inflation, and illiquid capital markets. at 7:39 PM.