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Retail Banks at the Crossroad

BCG

Nearly eight years after the financial crisis, the performance of many retail banks is still disappointing investors and financial markets, particularly in Europe. In fact, retail banks have to reinvent themselves. And getting back on track is about truly transforming—not just adjusting—their core business models.

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Hilarious Transcripts of Fed Minutes from 2008 Reveal Completely Clueless Fed

MishTalk

Here is a list of FOMC Transcripts and Other Historical Materials, 2008 Notes I purposely cherry picked statements of various Fed governors. Amazingly, Bernanke spoke of pent-up demand for housing in January of 2008 The January 29-30 transcript was a whopping 194 pages long. percentage point to GDP growth in 2008 and 0.3

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Retail Sales Rise in Germany and France, Decline in Italy

MishTalk

Retail Sales Rise in Germany and France, Decline in Italy; Margin Squeeze in Germany and France. Its a mixed bag of retail PMI news in Europe today (assuming of course one believes that spending is good). Italy: Sharpest drop in retail sales since April. In Italy, Markit reports Sharpest drop in retail sales since April.

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Big Miss in Retail Sales vs. Expectations; Trend Change or Another

MishTalk

Big Miss in Retail Sales vs. Expectations; Trend Change or Another "Soft Patch"? Retail sales were up 0.4% May retail sales were revised lower, to +0.5% Here are some retail sales comments from Bloomberg to help put things into perspective. percent in June, the most since February 2008. Retail Sales vs. Last Year.

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Tsunami of Retail Store Closings and Downsizings Coming; Expect Layoffs and Shorter Hours

MishTalk

Due to competition from online retailers like Amazon and dismal holiday sales at Target, J.C. Penny, Sears, Best Buy, and other major retailers, a flood of retail store closings are on the way. All things considered, expect nothing less than a massive Tsunami of Retail Store Closings and Downsizings.

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What is digital currency?

Tom Spencer

Since the advent of Bitcoin in 2008, digital currency has been a growing trend and a growing area of interest for consultants, businesses, fintech investors, central banks, and governments. This also includes Bitcoin (created in 2008) and Ethereum (created in 2015). Reading Time: 6 minutes. What is the value of digital currency?

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Retail Sales Bounce as Expected; How Much Longer Can Subprime Auto Sales Lead?

MishTalk

Retail sales bounced 1.2% The consumer showed a lot of life in May, driving up retail sales 1.2 percent, excluding which retail sales still rose a very strong 1.0 Still, excluding both of these components, retail sales ex-auto ex-gas gained a very solid 0.7 percent, and nonstore retailers, up 1.4 percent gain.

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