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The age old tale of financial crises

Tom Spencer

The story of the 2008 financial crisis begins somewhere shortly after the death of Jesus Christ himself. The 2008 financial crisis saw Ben Bernanke, the then chairman of the Federal Reserve, providing money to banks across the United States following the collapse of the housing market and subsequent defaults of mortgage backed securities.

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Mish's Global Economic Trend Analysis: Reader Question: Does the.

MishTalk

What Has Government Done to Our Money? Reader Question: Does the Fed Balance Sheet Properly Reflect QE Announcements? The feds balance sheet doesnt reflect it. The balance sheet was up $720 billion from Aug 1, 2012 to Aug 1, 2013 ($309B in treasuries and $393B in MBS) but that is only $60B per month.

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

MishTalk

Government debt-to-GDP ratios have risen further; in several cases, they appear to be on an unsustainable path. 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.

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Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors

Harvard Business

So is John Rice, the head of global operations, along with CFO Jeffrey Bornstein. Increase operating margins to 18% (by cutting expenses). Companies and government organizations are discovering that innovation activities without a defined innovation pipeline result in innovation theater. Comstock is out.

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Mish's Global Economic Trend Analysis: China Manufacturing.

MishTalk

What Has Government Done to Our Money? In what should be no surprise to Mish readers, the HSBC China Manufacturing PMI™ shows Operating conditions deteriorate at quickest pace since last September, and new export orders plunge. Operating conditions have now worsened for two successive months. December 2008 (85).

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Laughable Eurozone Banking "Non-Union"; Expect Disorderly Breakup

MishTalk

A Financial Times analysis of the full banking union resolution process for a lender operating in three countries reveals the labyrinthine procedure that would still be required to wind up a bank. A big bank collapse would dwarf the available resources; some €473bn of capital has been pumped into EU banks since 2008. This might be it.

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