MishTalk

OCTOBER 1, 2014

There was a sharp sell-off in the benchmark Merval stock index after Mr Fábrega’s departure was announced. Mr Fábrega leaves the central bank as annual inflation has climbed to around 40 per cent, and presided over huge monetary emission to finance a growing fiscal deficit, with negative real interest rates of about 20 per cent.

Banking 69

Banking Benchmarking Government Journal 69

MishTalk

DECEMBER 26, 2014

While the benchmark deposit rate was officially lowered from 3.00% to 2.75%, the upper limit that banks can pay for deposits remained unchanged at 3.30%. It may seem strange to have both a benchmark rate and a “floating range” that establishes a cap, instead of just setting a cap, as was the case until very recently.

Banking 71

Banking System Benchmarking Finance 71

MishTalk

APRIL 26, 2014

On Friday, April 25th, Russia’s central bank raised its benchmark interest rate by 50 basis points to 7.5 per cent in 2013, the slowest pace of growth since a 2009 recession. per cent, giving higher inflation risks as a reason behind its decision. The Russian economy expanded 1.3 For comparison, the economy grew by 3.4%

Benchmarking 67

Benchmarking Banking Finance Operations 67

Tom Spencer

MAY 15, 2014

In 2013, Nous Group was voted one of Australia’s great workplaces in the BRW Best Places to Work 2013 Awards. Nous has offices in Sydney, Melbourne, Brisbane, Canberra, Adelaide, Perth and Manila and a workforce of 150 people that includes ex-senior bureaucrats and business people. Edgar, Dunn & Company. The Hackett Group.

Oliver Wyman 76

Oliver Wyman Strategy Strategy Strategy& 76

MishTalk

MAY 28, 2015

of fiscal 2013 governmental revenue. If officials lack the political will to raise taxes when their bonds are trading at 300 basis points (3%) over the AAA benchmark, will there ever be a resolution short of insolvency? Chicago’s fiscal 2015 debt service and annual pension costs account for 44.8% of revenue.

Analysis 28

Analysis Marketing Financial Finance 28

MishTalk

JULY 11, 2014

Gross issuance in the high-yield bond market alone soared to $90 billion per quarter in 2013 from a pre-crisis quarterly average of $30 billion. In the syndicated loan market, for instance, credit granted to lower-rated leveraged borrowers (leveraged loans) exceeded 40% of new signings for much of 2013.

Balance Sheet 74

Balance Sheet Financial Banking Policies 74

MishTalk

JANUARY 3, 2014

Trillion Yuan in Audit The Washington Post notes "Local debt now equals about 33 percent of China’s gross domestic product, up from about 10 percent in 2008 and almost nothing in 1997." 2013 is likely to be the tip of the bubble belief in Merkel. However, I certainly did not get my 2013 investment thesis correct.

Conference 74

Conference Banking Government Balance Sheet 74