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The Cantillon Effect

Tom Spencer

Responding to high levels of debt and financial instability, one would expect to see each bank try to protect itself by shrinking its loan book. This inadvertently fuels asset bubbles and financial instability. In 2020, the Fed has galloped over the precipice, increasing its balance sheet by around $2.8

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Cash Flow Relief for Independent Consultants: the CARES Act & Other Ideas

Successful Independent Consulting

The information I’m sharing is certainly not financial or legal advice. You’ll need to provide evidence of your qualifying status, such as 1099-MISC tax forms from your clients, and accounting statements like an income statement and/or balance sheet. I’ve participated in two webinars and read countless articles to understand it.

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Getting Your Deal Done

Martinka Consulting

In 2020 I was introduced to a very qualified guy who said he wanted to buy a business. Have a strong balance sheet. Have accurate and consistent financial statements (this often means don’t blend your business and personal checkbooks). Put a lot of time in on the non-financial factors. This is so important.

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6 Reasons Inflation is Higher than You Think

Tom Spencer

Since pension entitlements and welfare payments are often indexed to inflation, understating the true rate of inflation can help the government to reduce its financial liabilities. Figure 3 below shows that more than 35% of all US dollars in existence (measured by the M2 money supply) were created since January 2020.

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European Banks Dump Massive Amounts of Subordinated Debt on Investors

MishTalk

The Financial Times notes a Big rise in subordinated debt issuance by EU banks Banks have taken advantage of yield-chasing investors to issue $90.7bn of subordinated debt for the year to date, a 41 per cent increase compared to the same period in 2012. Also consider "stress tests".

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

MishTalk

On December 12 the Financial Times reported EU reaches landmark deal on failed banks with a "common rule book for handling failed banks". At the same time we also established clear rules to deal with the most exceptional cases in which overall financial stability is in danger. ” I replied "wait for the details". This might be it.

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