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Seven Years Later, Global Debt Keeps Piling Up, $57 Trillion More Than 2007

MishTalk

In fact, rather than reducing indebtedness, or deleveraging, all major economies today have higher levels of borrowing relative to GDP than they did in 2007. Since 2007, government debt has grown by $25 trillion. China China’s debt has quadrupled since 2007.

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Fed Wonders "Why Are Housing Inventories Low?"; More Than Meets the Fed's Eye

MishTalk

Inventories of homes for sale have been slow to bounce back since the 2007–09 recession, despite steady house price appreciation since January 2012. No matter what the condition of the economy might be, some base level of inventory for sale always exists in the housing market. Two important points emerge from Figure 2.

Meeting 67
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??Numbers to Know to Sell Tickets in 2023: 60, 30, 2.5B, and More.

Wakeman Consulting Group: Dave's Blog

Next week, we look at the numbers that can help you create more sales opportunities in 2023. That’s alarming when you think about MLB’s decline in reported attendance since 2007. You’ll be able to meet the Booking Protect team in person. To the Tickets! 10 numbers that tell the story of what to look for in the year ahead.

Sports 64
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Do Ethics Still Matter?

Effective Managers

McKinsey reportedly continued to advise Purdue (the maker of OxyContin) even after Purdue pled guilty in 2007 to federal criminal charges that it had been misleading the public about the risks of OxyContin. As a quick reminder – banking financial advisors were selling unneeded financial instruments in order to meet their sales quotas.

Ethics 52
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WIC Lessons Learned #2: Karilee Wirthlin

Women in Consulting

I went to the WIC meeting that night anyway even though I was about ready to give up. While the online sharing of resources is valuable, the in-person meetings are where I built relationships. “When people ask me about WIC, I immediately think of the value of community. It is a trusted resource to draw from in many ways.

Sales 54
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Mish's Global Economic Trend Analysis: Avalanche of City Debt.

MishTalk

According to Moodys Chicago has $19 billion in unfunded pension liability and faces a "tremendous strain" in meeting their budget and paying law enforcement. Philadelphia : 5th Largest City in US is Effectively Bankrupt; Mayor Holds Closed Meeting With Wall Street to Discuss Asset Sales. December 2007 (69). May 2007 (29).

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Scranton Needs 117% Property Tax Hike to Balance Budget

MishTalk

Though council members did not extensively discuss the PEL letter Thursday, council Finance Chairman Frank Joyce said after the meeting, "The tax increase they (PEL) recommend is far too expensive for taxpayers to handle.". December 2007 (69). November 2007 (91). October 2007 (56). September 2007 (49).