MishTalk

MARCH 21, 2014

s 26% in 2000-2005. Work by Nomura’s Chief China Economist indicates that more than half of Local Government Funding Vehicles, which borrow money on behalf of local governments to invest in infrastructure, have insufficient cash flows to pay interest or principal; the exact manifestation of Minsky’s Ponzi finance regime.

Finance 75

Finance Cash Flow Banking Government 75

Harvard Business

OCTOBER 21, 2016

Yet executives are often reluctant to place sustainability core to their company’s business strategy in the mistaken belief that the costs outweigh the benefits. This can disrupt a firm’s ability to operate on schedule and budget. These require sophisticated, sustainability-based management.

Study 28

Study Efficiency Productivity Operations 28

MishTalk

APRIL 1, 2015

The Corporate Fund is Chicago’s general operating fund. Chicago’s property tax revenues do not go into its general operating fund. The fund also includes tax increment financing revenues that flow to projects in designated TIF districts. The Chicago Skyway reserve funds were established in 2005 in the amount of $975 million.

Financial 28

Financial Engineering Finance Government 28

Harvard Business

NOVEMBER 20, 2017

Executives say that they lose 40% of their strategy’s potential value to breakdowns in execution. In our experience at Bain & Company, however, this strategy-to-performance gap is rarely the result of shortcomings in implementation; it is because the plans are flawed from the start. Value flexibility.

Strategy 28

Strategy Strategy Strategy& Company 28

MishTalk

JULY 11, 2014

This has been labelled the “second phase of global liquidity”, to differentiate it from the pre-crisis phase, which was largely centred on banks expanding their cross-border operations. This share was higher than during the pre-crisis period from 2005 to mid-2007. Policy responses matter too.

Balance Sheet 74

Balance Sheet Financial Banking Policies 74

MishTalk

NOVEMBER 25, 2013

At this horizon, even “buy-and-hold” strategies in stocks are inappropriate except for a small fraction of assets. Only after the fact does the reputation of risk-managed strategies surge from “chump” to “champ.” That’s exactly what has happened, and the fidelity to the log-periodic pattern is almost creepy.

Cash Flow 70

Cash Flow Trends Policies Marketing 70