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China Faces "Minsky Moment" on Ponzi Financing

MishTalk

After the massive stimulus and more than doubling of new bank loans in 2009, the government attempted to stabilize credit growth, but the growth of the shadow banking system exploded instead. Our analysis indicates that China’s economy has arrived at that unstable state where speculative and Ponzi finance appear to dominate.

Finance 75
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SBA Acquisition Loans – A Win-Win-Win Especially for the Seller

Martinka Consulting

2009 - Were there any business acquisition loans? 2013 - it’s hard to find a non-SBA acquisition loan on a deal that meets the SBA qualifications. 1 debt coverage ratio and with cash flow considered a form of collateral (doesn’t require 100% tangible collateral). Who benefits? 5-year term, 5.5%

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What GE’s Board Could Have Done Differently

Harvard Business

Since Immelt’s departure, GE’s stock is down another 30%, as its new CEO, John Flannery, has struggled to cope with the cash flow drain from years of problematic acquisitions, divestitures, and buybacks. Because of these dubious decisions, GE’s ratio of debt to earnings has soared from 1.5 in 2013 to 3.7

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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

The Metered Parking System reserve funds were established in 2009 in the amount of $1.15 Although most governments are required to balance their budgets on a cash flow basis each fiscal year, a structural budget gap can arise when recurring expenditures are greater than recurring revenues.

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My Struggles with Suicide

CaseInterview.com

My sales forecast for 2009 was literally $0. At the time, I remember building a financial model of what my life insurance policy death benefit could produce in monthly cash flow with reasonable assumptions for inflation and rate of return. I remember looking at the output page of the model and the final cell… monthly cash flow.

Cash Flow 128
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Finally, Proof That Managing for the Long Term Pays Off

Harvard Business

Companies deliver superior results when executives manage for long-term value creation and resist pressure from analysts and investors to focus excessively on meeting Wall Street’s quarterly earnings expectations. This has long seemed intuitively true to us. Earnings quality: Accruals as a share of revenue.