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Austria "Bad Bank" Goes Bad, $8.5 Billion "Bail-In" Underway

MishTalk

Today we see yet another failure of the construct. The step, allowed by new legislation that gives banking supervisors more power to intervene, followed an outside audit of Heta''s balance sheet that exposed a capital hole of up to 7.6 In an absurd statement, the finance ministry added "Heta was not insolvent".

Banking 28
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BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"

MishTalk

Historical evidence shows that this rarely happens following a balance sheet recession. The drop in construction spending is a necessary correction of previous overinvestment and is unlikely to be entirely reversed. Financing problems of non-financial corporations in EMEs can also feed into the banking system.

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

MishTalk

Chicago finances are even worse than I thought which is saying quite a bit because I have written about the sorry state of Chicago finances on numerous occasion. Many of these uses of bond proceeds are not eligible for tax-exempt financing under the federal tax code." Who Is Kristi Culpepper? You should be.

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Stop Focusing on Profitability and Go for Growth

Harvard Business

Bain & Company’s Macro Trends Group carefully analyzed the global balance sheet and found that the world is awash in money. Global capital balances more than doubled between 1990 and 2010 — from $220 trillion (about 6.5 So, in real terms, debt financing is essentially free. times global GDP).