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Political Greenwashing: US Exports Coal Pollution to Europe; What About China?

MishTalk

Coal is a particular good example. exports of power plant-grade coal to Germany have more than doubled since 2008. That’s because it shifts some pollution — and the burden for cleaning it — onto another other country’s balance sheet. increasingly has helped supply. steam coal, the type burned in power plants.

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European Banks Dump Massive Amounts of Subordinated Debt on Investors

MishTalk

It is the highest such volume since the $122.4bn seen in 2008 according to Dealogic, the data provider. Mezzanine debt is another example of subordinated debt. Subordinated debt holders also lack the upside gain enjoyed by shareholders. Consider asset-backed securities. These are often issued in tranches. Also consider "stress tests".

Banking 71
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Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

MishTalk

UPS Freight , the fifth-largest LTL, reported tonnage off 10 percent (matching the record decline reported in the 2009 3Q during the depth of the Great Recession) and shipments down 5 percent year over year (the worst drop since 2008 fourth quarter). Overoptimism 2008-2010 The SEP growth forecast for 2008 never turned negative.

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If You Think Downsizing Might Save Your Company, Think Again

Harvard Business

During the Great Recession of 2008, companies around the world downsized their workforces. American firms alone laid off more than 8 million workers from the end of 2008 to the middle of 2010. We speculated that examining firms’ remaining resources could shed light on this question.

Company 28
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BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"

MishTalk

Historical evidence shows that this rarely happens following a balance sheet recession. Such episodes often coincide with banking crises, which in turn tend to go hand in hand with much deeper recessions – balance sheet recessions – than those that characterise the average business cycle.

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Simple Ethics Rules for Better Risk Management

Harvard Business

But as more organizations fall prey to complex intangible risks, from unwanted disclosure due to rampant cyber threats to breaches of conduct driven by skewed incentive systems, the aperture of risk management is expanding from protecting the balance sheet to promoting ethical leadership and values-based decision making.

Ethics 33
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Mish's Global Economic Trend Analysis: Ritholtz on Gold and on.

MishTalk

Here are some examples: Gold and silver in the 1980s, tech stocks in 2000, housing in 2005, the stock market in general in 2007 and arguably again (this time on the misguided belief the Fed has the markets back and nothing can go wrong). December 2008 (85). November 2008 (78). October 2008 (108). September 2008 (140).

Trends 63