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China Faces "Minsky Moment" on Ponzi Financing

MishTalk

Inquiring minds are tuning into a report on the Ponzi finance setup in China. Our analysis indicates that China’s economy has arrived at that unstable state where speculative and Ponzi finance appear to dominate. s 26% in 2000-2005. Most assume China can grow at 7% a year, a notion that I have challenged on many occasions.

Finance 75
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Research: Writing a Business Plan Makes Your Startup More Likely to Succeed

Harvard Business

This includes everything from past entrepreneurial experience to the need for external finance and the urge to grow the business or to innovate. Better-financed startups are more likely to succeed. entrepreneurs over a six-year period (2005 to 2011). Not examining the context for planning has another side effect.

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Use Data to Fix the Small Business Lending Gap

Harvard Business

In the high flying days of 2005-2007, banks around the country relied heavily on these scores to make quick decisions on millions of uncollateralized small business loans, with disastrous results. After all, isn’t the customer’s voice relevant if you are going to finance a plumber or restaurant?

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Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation?

MishTalk

Get Involved The State of the Unions Finances: A Citizens Guide. So refraining from any forecast of what will happen in the near term, it’s sufficient to observe that the economic data is not nearly as strong as widely perceived, and the impact of QE on stock prices does nothing to improve the underlying cash flows.

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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

Chicago finances are even worse than I thought which is saying quite a bit because I have written about the sorry state of Chicago finances on numerous occasion. Many of these uses of bond proceeds are not eligible for tax-exempt financing under the federal tax code." Who Is Kristi Culpepper? You should be.

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BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"

MishTalk

It could represent a hidden vulnerability, especially if backed by domestic currency cash flows derived from overextended sectors, such as property, or used for carry trades or other forms of speculative position-taking. This share was higher than during the pre-crisis period from 2005 to mid-2007.