INDUSTRY INSIGHTS YOUR PEERS ARE READING
For 80% of you, this is so basic that you just “rolled your eyes” Completely understand. If one of my team asked me this, I would not be happy. I would be scared. In a quick survey from my last post, looks like 1/3 … Continue reading → Learning Accounting Financials MORE
It’s a $31 Billion Balance Sheet Hole That Keeps Growing. GE has the largest pension shortfall in the S&P 500. more…). Economics MORE
Heres my understanding of the current TARP/TARPII/PPIP/etc plans: The major "sick" banks wont lend to businesses, because their balance sheets are tied up with bad assets that they cant sell. I realize that is a gross simplification, but if the gist is right, it leads me to a simple observation: Why doesnt the government just give long-term loans to the healthy banks (building up their balance sheets) so that they can loan to businesses? skip to main | skip to sidebar. MORE
Financial freedom is about the balance sheet – not the income statement. Grandpa-sounding advice coming your way. Here is a thesis for you to test out. Do you agree with this statement? MORE
These mergers will produce tough competitors with diversified portfolios, sturdy balance sheets, greater scale, and advanced capabilities, including consumer engagement, provider collaboration and informatics, population management, and digital channels. MORE
Current Liabilities Cash Much Smaller Than You Think I don't often dive into balance sheets, but did so after reading a Market-Watch opinion by Brett Arends. billion in “off-balance-sheet” liabilities. MORE
Deutsche Bank shares have collapsed to lows deep under crisis lows and collapse of Lehman in the Great Financial Crisis. … Continue reading → Economics MORE
For me, the bigger point is the most obvious: portfolio firms are more profitable and successful – they have the profitability, balance sheet, higher quality resource (read: people), and time to make good strategic decisions. 2015 was a blockbuster M&A year. MORE
Building on information provided in Management Consulting: A Guide to the Profession , I highlight three approaches that a consultant can use when performing a valuation: Balance sheet valuation; Market based valuation; and. “Price is what you pay. Value is what you get.” MORE
The Fed also firmed up its Balance Sheet Normalization Plans. The Fed released the Minutes of June 13-14 FOMC meeting today. The minutes show an overreliance on regional report soft data and consumer confidence measures instead of hard data measures. more…). Economics MORE
In addition to its standard boilerplate about inflation, the Fed stated it would begin balance sheet normalization “relatively soon” Here is the full Text of the FOMC Press Release. As expected, today’s FOMC meeting came with zero surprises. more…). Economics MORE
Last week the ECB reported that its balance sheet Expanded by €11.26 billion to €3.249 trillion. What is the makeup? … Continue reading → Economics MORE
Bernanke also made the case in his presentation for keeping the Fed’s balance sheet big in the aftermath of the financial crisis. [Is Most other major central banks have permanently large balance sheets and are able to implement monetary policy without problems,” he said. MORE
In a recent speech, Mr. Hoenig noted that under American accounting rules, derivative holdings add $300 billion to the balance sheets of five top banks — JPMorgan Chase, Citigroup, Bank of America, Goldman Sachs and Morgan Stanley. This higher capital ratio is achieved by reducing on-balance sheet assets by a pre-assigned risk weight and excluding off-balance sheet assets, such as derivatives. MORE
Balanced Budget Ammendment Sign the Balanced Budget Petition. Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation? Fed Balance Sheet vs. Stock Market. Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation? MISHS. Global Economic. MORE
On the balance sheet, this also gives a more accurate (albeit, still flawed) estimate of the salvage value. MORE
On September 4, ECB President pulled out a financial bazooka including a pledge to build up the ECB''s balance sheet by another €1 trillion. Bundesbank president Jens Weidmann, who also sits on the ECB’s policy making governing council, has already objected to the plan to buy ABS, which he says leaves the central bank’s balance sheet too exposed to risks. In this case, the stench on Greek bank balance sheets will not go away. MORE
reader Dave, a friend, noted that as the Fed jacked up its balance sheet, velocity has mirrored the curve to the downside. Dave asks " Can''t an argument be made that since much of the banking system is really insolvent, that the Fed increasing its balance sheet is necessary? " "Necessity" This depends on what you mean by "necessary" and more importantly, who gets to decide. In response to Will Prices Rise Significantly When Velocity of Money Picks Up? MORE
The average value of housing on young families’ balance sheets remains about 35 percent below its 2007 level, the St. These changes going on with individual balance sheets could have impacts on the whole economy,” said William Emmons, an economist at the St. MORE
Balanced Budget Ammendment Sign the Balanced Budget Petition. Reader Question: Does the Fed Balance Sheet Properly Reflect QE Announcements? The feds balance sheet doesnt reflect it. Feds Balance Sheet. Fluctuations in repo balances. MORE
Regulation, product complexity, and insurers’ large balance sheets have kept digital attackers from insurers’ gates. That is changing, but in ways incumbents should embrace. They can flourish in the digital age—if they move swiftly and decisively. Our Insights MORE
This month we discussed the Fed rate hike, the State of Illinois, loan creation, autos, housing, the yield curve, the Fed’s balance sheet, and GDP prospects. Once a month I get together with Gordon Long for a videocast of the month’s hot news topics. MORE
Central Bank Balance Sheets Excuse me? Hard even to see change in ECB balance sheet. Saxo Bank chief economist sent a number of charts and comments that constitute his outlook for global macro fundamentals for the next 6-7 months. MORE
We've never had a moment in which so much cash will be sitting on corporate balance sheets. Tax reform actually changes everything. The most strategic-minded executives will see this opportunity as a watershed moment to reevaluate how they allocate cash MORE
At the Fed, the debate is over normalization of the balance sheet. The ECB is still addicted to a balance sheet build-up. In contrast, the ECB is still addicted to a balance sheet build-up. The Fed has already finished tapering. But i. But internal feuding has picked up with Germany and the hawks on one side and doves on the other. more…). Economics MORE
After the implementation of the EURCHF floor, gold’s share of the SNB balance sheet has fallen to 7.5% from around 30% in 2007 (top chart) [SNB Balance Sheet]. MORE
From bidding (his expertise), to sales (he was good once it got to the technical part), and accounting (of which he knew almost nothing, especially regarding the balance sheet). I look across the lake (figuratively) at Seattle and its City Council. I see a bunch of single issue councilmembers with no big picture focus or strategy. This was confirmed by the headline in the July 19 Seattle Times about how the city wants to push forward with more bike lanes. MORE
Question: Mr Draghi, you said that the new measures and the TLTROs will have a sizeable impact on your balance sheet. So all this makes a precise estimate of the impact that these transactions will have on our balance sheet very complicated, especially at the stage when none of these operations have as yet been undertaken. The second aim is to steer, significantly steer, the size of our balance sheet towards the dimensions it used to have at the beginning of 2012. MORE
Merits of Not Shrinking the Balloon When the Fed first launched QE, they stated they had the "tools" necessary to shrink their ballooning balance sheet. Once the Federal Reserve lifts interest rates from near zero, likely this week, the focus will turn to the other legacy of the crisis-era policies: the Fed's swollen balance sheet. A " permanently higher balance sheet. MORE
Inquiring minds are monitoring the Fed''s Balance Sheet. One more week like this and the FED balance sheet will be $1 trillion more than last year at this time. Three rounds of so-called quantitative easing have enlarged the Fed’s balance sheet to almost $3.8 MORE
Fed Balance Sheet vs. S&P 500 I was playing around with some ideas on the St Louis Fed "Fred" database and came up with this. Mike "Mish" Shedlock Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. MORE
” She deciphered this by looking at the third quarter P&L and an October 23 balance sheet. ” Sure enough, the company’s job system and accounting system only sync at the end of the month so the drop in net income, as per the mid-month balance sheet, was fiction. Time goes fast. Years whiz by, quarters, months, and weeks come around too soon. MORE
Forgiving a financial debt costs your balance sheet. Money owed accrues interest. Banks and credit card companies thrive on this. The borrower gets to keep using the money, and the lender ends up with more in the end. MORE
Related posts: Difference between balance sheet and income statement. April 15 is tax day in the United States for individuals. There are other tax days (e.g., March 15 for corporations), but yesterday was the day most people know – and loathe. MORE
Having already cut interest rates to record lows and saying they can go no lower, Draghi is now focused on boosting the ECB’s balance sheet. We are quite confident that the impact on our balance sheet size will be adequate, will be significant, will be sizable,” Draghi said. MORE
Balance sheet reduction hasn’t started yet, nor did the Fed even say when it would start. Once balance sheet reduction starts, the cap will be $10 billion a month rising to $50 billion a month, on a schedule not posted. In addition to hiking today, the Fed announced its Plan to Shrink Asset Holdings Beginning This Year. Since the Fed will announce the start date in advance, its eye would appear to be focused on December. MORE
Central Bank Policy Rates Current Rates Bank of England: 0.50% Bank of Japan: 0.10% Fed: 0.00%-0.25% (currently 0.14%) ECB: 0.05% Central Bank Balance Sheets Three Questions Other than asset bubbles, what do we have to show for this? MORE
Business Strategy balance sheet business planning cash flow statement financial statements income statementWhen you run your own small business, it can be difficult to keep an objective distance from what you do. Bills come in, sales go out, you have your day-to-day goals and you watch the curvy line of profit and loss make its inexorable progress throughout the financial year. MORE
Regulation, product complexity, and insurers’ large balance sheets have kept digital attackers from insurers’ gates. That is changing, but in ways incumbents should embrace. They can flourish in the digital age—if they move swiftly and decisively. Our Insights MORE
Often this can be done with a simple income statement (Rev-Cost=Profits) or balance sheet ( A = L+E ). McKinsey & Company do great work. On this blog, I have written about their leader , culture , high-visibility assignments at the CIA , and Department of Corrections. MORE
Moreover, balance sheet data from the Federal Reserve shows that the acquired assets have remained fairly consistent in value, indicating that the underlying assets were not altogether a lost cause. MORE
He told me something that’s stuck with me when he said how as an operator he was concerned with the profit and loss statement but as a deal person he found an appreciation for the balance sheet and its importance. The balance sheet tends to get overlooked by many businesspeople, sellers, and buyers, which is a shame. The balance sheet is filled with information, some of which is: How does the company manage its cash flow and what level of working capital is needed? MORE
As expected the Fed will begin balance sheet reduction in October. The Fed penned in one more rate hike in December as its FOMC statement shows the hurricanes will have no lasting effect on anything. more…). Economics MORE
We've never had a moment in which so much cash will be sitting on corporate balance sheets. Tax reform actually changes everything. The most strategic-minded executives will see this opportunity as a watershed moment to reevaluate how they allocate cash MORE
Balance Sheet Related Topics Consultants Mind
FEBRUARY 22, 2015
For 80% of you, this is so basic that you just “rolled your eyes” Completely understand. If one of my team asked me this, I would not be happy. I would be scared. In a quick survey from my last post, looks like 1/3 … Continue reading → Learning Accounting Financials
MishTalk
SEPTEMBER 20, 2017
As expected the Fed will begin balance sheet reduction in October. The Fed penned in one more rate hike in December as its FOMC statement shows the hurricanes will have no lasting effect on anything. more…). Economics
Martinka Consulting
MARCH 22, 2017
He told me something that’s stuck with me when he said how as an operator he was concerned with the profit and loss statement but as a deal person he found an appreciation for the balance sheet and its importance. The balance sheet tends to get overlooked by many businesspeople, sellers, and buyers, which is a shame. The balance sheet is filled with information, some of which is: How does the company manage its cash flow and what level of working capital is needed?
MishTalk
AUGUST 7, 2013
Balanced Budget Ammendment Sign the Balanced Budget Petition. Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation? Fed Balance Sheet vs. Stock Market. Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation? MISHS. Global Economic.
MishTalk
DECEMBER 14, 2015
Merits of Not Shrinking the Balloon When the Fed first launched QE, they stated they had the "tools" necessary to shrink their ballooning balance sheet. Once the Federal Reserve lifts interest rates from near zero, likely this week, the focus will turn to the other legacy of the crisis-era policies: the Fed's swollen balance sheet. A " permanently higher balance sheet.
MishTalk
JANUARY 26, 2016
Fed Balance Sheet vs. S&P 500 I was playing around with some ideas on the St Louis Fed "Fred" database and came up with this. Mike "Mish" Shedlock Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.
MishTalk
OCTOBER 6, 2015
Central Bank Policy Rates Current Rates Bank of England: 0.50% Bank of Japan: 0.10% Fed: 0.00%-0.25% (currently 0.14%) ECB: 0.05% Central Bank Balance Sheets Three Questions Other than asset bubbles, what do we have to show for this?
MishTalk
JULY 26, 2017
In addition to its standard boilerplate about inflation, the Fed stated it would begin balance sheet normalization “relatively soon” Here is the full Text of the FOMC Press Release. As expected, today’s FOMC meeting came with zero surprises. more…). Economics
MishTalk
JUNE 30, 2016
Deutsche Bank shares have collapsed to lows deep under crisis lows and collapse of Lehman in the Great Financial Crisis. … Continue reading → Economics
MishTalk
JUNE 14, 2017
Balance sheet reduction hasn’t started yet, nor did the Fed even say when it would start. Once balance sheet reduction starts, the cap will be $10 billion a month rising to $50 billion a month, on a schedule not posted. In addition to hiking today, the Fed announced its Plan to Shrink Asset Holdings Beginning This Year. Since the Fed will announce the start date in advance, its eye would appear to be focused on December.
MishTalk
APRIL 4, 2014
The average value of housing on young families’ balance sheets remains about 35 percent below its 2007 level, the St. These changes going on with individual balance sheets could have impacts on the whole economy,” said William Emmons, an economist at the St.
MishTalk
JULY 5, 2017
The Fed also firmed up its Balance Sheet Normalization Plans. The Fed released the Minutes of June 13-14 FOMC meeting today. The minutes show an overreliance on regional report soft data and consumer confidence measures instead of hard data measures. more…). Economics
Tom Spencer
AUGUST 12, 2017
Business Strategy balance sheet business planning cash flow statement financial statements income statementWhen you run your own small business, it can be difficult to keep an objective distance from what you do. Bills come in, sales go out, you have your day-to-day goals and you watch the curvy line of profit and loss make its inexorable progress throughout the financial year.
Consultant Ninja
MARCH 31, 2009
Heres my understanding of the current TARP/TARPII/PPIP/etc plans: The major "sick" banks wont lend to businesses, because their balance sheets are tied up with bad assets that they cant sell. I realize that is a gross simplification, but if the gist is right, it leads me to a simple observation: Why doesnt the government just give long-term loans to the healthy banks (building up their balance sheets) so that they can loan to businesses? skip to main | skip to sidebar.
MishTalk
JUNE 19, 2017
It’s a $31 Billion Balance Sheet Hole That Keeps Growing. GE has the largest pension shortfall in the S&P 500. more…). Economics
MishTalk
JULY 8, 2017
At the Fed, the debate is over normalization of the balance sheet. The ECB is still addicted to a balance sheet build-up. In contrast, the ECB is still addicted to a balance sheet build-up. The Fed has already finished tapering. But i. But internal feuding has picked up with Germany and the hawks on one side and doves on the other. more…). Economics
McKinsey
MARCH 9, 2017
Regulation, product complexity, and insurers’ large balance sheets have kept digital attackers from insurers’ gates. That is changing, but in ways incumbents should embrace. They can flourish in the digital age—if they move swiftly and decisively. Our Insights
MishTalk
JULY 21, 2016
Last week the ECB reported that its balance sheet Expanded by €11.26 billion to €3.249 trillion. What is the makeup? … Continue reading → Economics
Strategy+Business
MAY 13, 2018
We've never had a moment in which so much cash will be sitting on corporate balance sheets. Tax reform actually changes everything. The most strategic-minded executives will see this opportunity as a watershed moment to reevaluate how they allocate cash
McKinsey
MAY 8, 2017
Regulation, product complexity, and insurers’ large balance sheets have kept digital attackers from insurers’ gates. That is changing, but in ways incumbents should embrace. They can flourish in the digital age—if they move swiftly and decisively. Our Insights
MishTalk
JUNE 21, 2017
This month we discussed the Fed rate hike, the State of Illinois, loan creation, autos, housing, the yield curve, the Fed’s balance sheet, and GDP prospects. Once a month I get together with Gordon Long for a videocast of the month’s hot news topics.
Strategy+Business
MAY 13, 2018
We've never had a moment in which so much cash will be sitting on corporate balance sheets. Tax reform actually changes everything. The most strategic-minded executives will see this opportunity as a watershed moment to reevaluate how they allocate cash
BCG
APRIL 14, 2016
These mergers will produce tough competitors with diversified portfolios, sturdy balance sheets, greater scale, and advanced capabilities, including consumer engagement, provider collaboration and informatics, population management, and digital channels.
Seth Godin Blog
MARCH 13, 2015
Forgiving a financial debt costs your balance sheet. Money owed accrues interest. Banks and credit card companies thrive on this. The borrower gets to keep using the money, and the lender ends up with more in the end.
Consultants Mind
APRIL 16, 2016
Related posts: Difference between balance sheet and income statement. April 15 is tax day in the United States for individuals. There are other tax days (e.g., March 15 for corporations), but yesterday was the day most people know – and loathe.
Consultants Mind
JULY 30, 2016
Financial freedom is about the balance sheet – not the income statement. Grandpa-sounding advice coming your way. Here is a thesis for you to test out. Do you agree with this statement?
Consultants Mind
FEBRUARY 28, 2016
Often this can be done with a simple income statement (Rev-Cost=Profits) or balance sheet ( A = L+E ). McKinsey & Company do great work. On this blog, I have written about their leader , culture , high-visibility assignments at the CIA , and Department of Corrections.
MishTalk
APRIL 17, 2015
Bernanke also made the case in his presentation for keeping the Fed’s balance sheet big in the aftermath of the financial crisis. [Is Most other major central banks have permanently large balance sheets and are able to implement monetary policy without problems,” he said.
Consultants Mind
JANUARY 25, 2016
On the balance sheet, this also gives a more accurate (albeit, still flawed) estimate of the salvage value.
MishTalk
NOVEMBER 16, 2014
After the implementation of the EURCHF floor, gold’s share of the SNB balance sheet has fallen to 7.5% from around 30% in 2007 (top chart) [SNB Balance Sheet].
MishTalk
AUGUST 6, 2013
Balanced Budget Ammendment Sign the Balanced Budget Petition. Reader Question: Does the Fed Balance Sheet Properly Reflect QE Announcements? The feds balance sheet doesnt reflect it. Feds Balance Sheet. Fluctuations in repo balances.
Martinka Consulting
SEPTEMBER 5, 2018
From bidding (his expertise), to sales (he was good once it got to the technical part), and accounting (of which he knew almost nothing, especially regarding the balance sheet). I look across the lake (figuratively) at Seattle and its City Council. I see a bunch of single issue councilmembers with no big picture focus or strategy. This was confirmed by the headline in the July 19 Seattle Times about how the city wants to push forward with more bike lanes.
MishTalk
NOVEMBER 6, 2014
Having already cut interest rates to record lows and saying they can go no lower, Draghi is now focused on boosting the ECB’s balance sheet. We are quite confident that the impact on our balance sheet size will be adequate, will be significant, will be sizable,” Draghi said.
MishTalk
OCTOBER 26, 2013
Inquiring minds are monitoring the Fed''s Balance Sheet. One more week like this and the FED balance sheet will be $1 trillion more than last year at this time. Three rounds of so-called quantitative easing have enlarged the Fed’s balance sheet to almost $3.8
Consultants Mind
SEPTEMBER 2, 2016
For me, the bigger point is the most obvious: portfolio firms are more profitable and successful – they have the profitability, balance sheet, higher quality resource (read: people), and time to make good strategic decisions. 2015 was a blockbuster M&A year.
Tom Spencer
AUGUST 25, 2018
Moreover, balance sheet data from the Federal Reserve shows that the acquired assets have remained fairly consistent in value, indicating that the underlying assets were not altogether a lost cause.
MishTalk
MARCH 28, 2014
reader Dave, a friend, noted that as the Fed jacked up its balance sheet, velocity has mirrored the curve to the downside. Dave asks " Can''t an argument be made that since much of the banking system is really insolvent, that the Fed increasing its balance sheet is necessary? " "Necessity" This depends on what you mean by "necessary" and more importantly, who gets to decide. In response to Will Prices Rise Significantly When Velocity of Money Picks Up?
Martinka Consulting
MARCH 11, 2016
” She deciphered this by looking at the third quarter P&L and an October 23 balance sheet. ” Sure enough, the company’s job system and accounting system only sync at the end of the month so the drop in net income, as per the mid-month balance sheet, was fiction. Time goes fast. Years whiz by, quarters, months, and weeks come around too soon.
Tom Spencer
AUGUST 26, 2013
Building on information provided in Management Consulting: A Guide to the Profession , I highlight three approaches that a consultant can use when performing a valuation: Balance sheet valuation; Market based valuation; and. “Price is what you pay. Value is what you get.”
MishTalk
APRIL 12, 2015
In a recent speech, Mr. Hoenig noted that under American accounting rules, derivative holdings add $300 billion to the balance sheets of five top banks — JPMorgan Chase, Citigroup, Bank of America, Goldman Sachs and Morgan Stanley. This higher capital ratio is achieved by reducing on-balance sheet assets by a pre-assigned risk weight and excluding off-balance sheet assets, such as derivatives.
MishTalk
SEPTEMBER 30, 2014
On September 4, ECB President pulled out a financial bazooka including a pledge to build up the ECB''s balance sheet by another €1 trillion. Bundesbank president Jens Weidmann, who also sits on the ECB’s policy making governing council, has already objected to the plan to buy ABS, which he says leaves the central bank’s balance sheet too exposed to risks. In this case, the stench on Greek bank balance sheets will not go away.
MishTalk
JUNE 10, 2015
Central Bank Balance Sheets Excuse me? Hard even to see change in ECB balance sheet. Saxo Bank chief economist sent a number of charts and comments that constitute his outlook for global macro fundamentals for the next 6-7 months.
MishTalk
SEPTEMBER 4, 2014
Question: Mr Draghi, you said that the new measures and the TLTROs will have a sizeable impact on your balance sheet. So all this makes a precise estimate of the impact that these transactions will have on our balance sheet very complicated, especially at the stage when none of these operations have as yet been undertaken. The second aim is to steer, significantly steer, the size of our balance sheet towards the dimensions it used to have at the beginning of 2012.
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