article thumbnail

ECB's Targeted Lending Spree Starts Out As Flop; Modern Monetary Insanity

MishTalk

The European Central Bank’s first offer of cheap four-year loans has fallen short of expectations, dealing a blow to president Mario Draghi’s hope of sustaining the eurozone’s ailing economy by expanding the central bank’s balance sheet. per cent until late 2018 so long as they meet targets for lending to businesses.

article thumbnail

How Companies Can Use Investors to Their Advantage

Harvard Business

By 2016, the rise of smart phones seemed to have made the company less relevant: Its revenues were at almost the same level they had been a full decade earlier. His idea was to turn investor relations on its head by using regular meetings with top-class investors as something akin to due diligence.

Company 31
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FOMC Minutes and Economic Projections: Dissent in Both Directions

MishTalk

However, several members judged that a reduction in asset purchases would likely soon be warranted , in light of the cumulative decline in unemployment since the September meeting and ongoing increases in private payrolls, which had increased their confidence in the outlook for sustained improvement in labor market conditions. Unemployment.

article thumbnail

ECB's €40bn Stimulus Gamble: ECB Pulls Out Bazooka, Cuts Rates, Buys Assets; Will this Stimulate Lending?

MishTalk

The detailed modalities of these programmes will be announced after the Governing Council meeting of 2 October 2014. The newly decided measures, together with the targeted longer-term refinancing operations which will be conducted in two weeks, will have a sizeable impact on our balance sheet. in 2014, 1.1% in 2015 and 1.4%

Banking 74
article thumbnail

Is Mario Draghi a Bare-Assed Emperor With No Clothes?

MishTalk

But he added that fresh declines in oil prices suggest that the annual rate of inflation in 2016 is likely to be “significantly” below forecasts released last month. It will be necessary to review and therefore possibly reconsider our monetary policy stance at our next meeting in March,” said Draghi. [In We don’t give up.”

article thumbnail

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

MishTalk

Of course, Chicago would also have to meet the other eligibility criteria. It is not a balance sheet test, but a cash flow test. That’s more than the state’s total projected general-fund spending in fiscal years 2016, 2017 and 2018 – combined. The city does have a relatively large tax base. State Rep.

article thumbnail

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

MishTalk

Three late-night meetings of finance ministers this week, culminating on Wednesday, is likely to define the eurozone’s system for policing how its banks live and die, including a common fund to cover rescues. Its resolution system will only be up and running from 2016. How does this relate to the ECB-led bank health check?

Banking 73