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China Faces "Minsky Moment" on Ponzi Financing

MishTalk

China’s private sector debt has increased from 115% of GDP in 2007 to 193% at the end of 2013. Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. That 80% increase over five years compares to the U.S.’s s 26% in 2000-2005. trillion GDP.

Finance 75
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The Challenges GM Is Facing, and the Reasoning Behind Its Plant Closures

Harvard Business

For example, the Lordstown, Ohio, factory that makes the Chevy Cruze is running one shift a day, down from three a few years ago, and last year produced 180,000 vehicles, down from 248,000 in 2013. Capital-intensive factories have a high-fixed-cost, low-variable-cost operating model. Given the shift in immediate U.S.

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

Martinka Consulting

2013 - it’s hard to find a non-SBA acquisition loan on a deal that meets the SBA qualifications. It’s much better for them to buy a larger business with systems, processes and a management team instead of an owner-operator business-and they can do so easier because of the SBA program. Who benefits? 5-year term, 5.5%

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Chinese Malls Hit With Low Traffic, Rising Vacancies, Plunging Rent, Massive Overcapacity

MishTalk

Add poorly managed properties into the equation and the empty malls aren't much of a surprise. Less foot traffic means cash flow of mall owners and developers are getting squeezed - a potential hazard for an economy growing at its slowest pace in decades. Major listed mall operators are also feeling the pain.

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Give Your Team the Freedom to Do the Work They Think Matters Most

Harvard Business

Since at least the time of Frederick Taylor, the father of “scientific management,” control has been central to corporate organization: Control of costs, of prices, of investment and—not least—of people. When a new project comes in, the manager does not devise a plan to complete it. billion in revenue in 2013.

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2016 ECS Value Creators Report: Building Endurance

BCG

Such companies may be finding that the low-growth environment has undercut their efforts to improve TSR through greater discipline with respect to operating costs and capital. Japanese companies’ average annual TSR of 14% in the five-year period from 2011 through 2015 is generated by extremely strong margin increases and cash flows.

Report 40
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Hussman's Open Letter to the Fed; The Problem with Bubbles; Textbook Pre-Crash Bubble; Reflections on Not Chasing Bubbles; Integrity vs. Respect

MishTalk

I can''t look at myself in the mirror'': Hendry reveals why he has turned bullish Speaking at Harrington Cooper''s 2013 conference, Hendry said he is no longer fighting the "two-way feedback loop" which is continuing to boost risk assets. "I Meanwhile, the reputation of value-conscious investors and risk-managers goes from “champ” to “chump.”