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Why Financial Statements Don’t Work for Digital Companies

Harvard Business

Similarly, Microsoft paid $26 billion for loss-making LinkedIn in 2016, and Facebook paid $19 billion for WhatsApp in 2014 when it had no revenues or profits. This becomes clear when you look at a company’s two most important financial statements: the balance sheet and the income statement.

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

MishTalk

Following on the "success" of the ECB''s LTRO (Long Term Refinance Operation) which did nothing to spur lending and everything to create the biggest sovereign bond bubble the world has ever seen, ECB president Mario Draghi announced a TLTRO or Targeted LTRO on September 4. If they miss the targets, they must pay the funds back in 2016.

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The Cantillon Effect

Tom Spencer

In 2020, the Fed has galloped over the precipice, increasing its balance sheet by around $2.8 In 2016, Brexit and Trump’s victory came as a one-two punch. Central banks pursue “inflation at any cost” in order to oil the wheels of the credit markets. trillion over the last 5 months.

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

MishTalk

Governing Council decided today to lower the interest rate on the main refinancing operations of the Eurosystem by 10 basis points to 0.05% and the rate on the marginal lending facility by 10 basis points to 0.30%. The projections for 2015 and 2016 have remained unchanged. on funds parked with the ECB. in 2014, 1.1% in 2015 and 1.4%

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Do You Know What Your Company’s Data Is Worth?

Harvard Business

For example, at the end of its 2015 fiscal year, Apple’s balance sheet stated tangible assets of $290 billion as a contribution to its annual revenues, with approximately $141 billion worth of intangible assets — a combination of intellectual capital, brand equity, and (investor and consumer) goodwill.

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Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

MishTalk

As surface transportation’s peak period ends for the year, and trucking eyes the traditionally slowest time for the industry as first quarter 2016, economic signals are, at best, mixed. Operating revenue decreased 15.9 Trucking Industry Entering a Profit-Killing Era of Overcapacity? in October from 50.2 in September. percent to $182.5

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

MishTalk

A Financial Times analysis of the full banking union resolution process for a lender operating in three countries reveals the labyrinthine procedure that would still be required to wind up a bank. Its resolution system will only be up and running from 2016. Some senior officials are warning the proposals are too cumbersome.

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