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Debt Deflation in Spain: Record 4.7% Decline in Household Credit, Business Lending Down 10%

MishTalk

If we look at the evolution of the cash flow of borrowed money, the net change in assets is a decrease is 4.7%. In both cases, the amount of money borrowed is at its lowest level since 2007. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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China Faces "Minsky Moment" on Ponzi Financing

MishTalk

We have described in detail over the past two years how we believe China’s twin excesses (excessive investment funded by excessive debt) will inevitably unwind, causing a substantial slowdown in China’s economy, significantly below market expectations. reached in 2007. That 80% increase over five years compares to the U.S.’s

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

MishTalk

Minyanville Business and Market News. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation? Fed Balance Sheet vs. Stock Market. Sitka Pacific. Recent Posts. Featured Links. Automatic Earth. Bay Area Real Estate Trends.

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Consultant Ninja: When "hedging" is just speculation: Management.

Consultant Ninja

Uniteds fuel hedging strategy has all the marks of some smooth-talking consultants or bankers. In both 2008 and 2007, an increase in jet fuel prices was the primary reason for higher mainline and United Express fuel expense and aircraft fuel cost per gallon, as highlighted in the table below. "The I am a strategy consultant at.

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Imagination Sets In

MishTalk

Annual Update Between the end of 2007 and end of 2014, pension plan assets rose from $3.29 S&P 500 2007-12-31 to 2014-12-31 In the same timeframe, the S&P 500 rose from 1489.36 GMO Forecast "The chart represents real return forecasts for several asset classes and not for any GMO fund or strategy. trillion to $3.71

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Housing Starts in China Plunge 25%; Did China's Property Bubble Finally Burst?

MishTalk

China’s real estate market correction — some economists are even calling it the popping of a bubble — is partly the result of a deliberate decision by the country’s leaders in Beijing. Retail sales also grew more slowly than expected in April, and the furniture market stalled as fewer families moved into new homes.

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

MishTalk

The BIS slam, coupled with a recent stock market selloff, brought up debate on a " controlled collapse ". Over the past few years, non-financial corporations in a number of EMEs have borrowed heavily through their foreign affiliates in the capital markets, with the debt denominated mainly in foreign currency.