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Greek default in all but name - Tom Spencer consulting blog

Tom Spencer

Definitions. In your author’s opinion, the writedown of Greek debt falls clearly within the S&P definition of sovereign default. Undeterred however by rating agency definitions, European leaders have characterised the writedown as a voluntary “ private-sector involvement ” or PSI. Business Strategy. Helpful Links.

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The Importance of Business Acumen for High Performance

LSA Global

It is not just the purview of finance to interpret the numbers that govern profit and loss; it behooves every employee to understand how and why the company makes money, spends money, and measures financial performance. Study the Balance Sheet. With term definitions in hand, analyze your company’s balance sheet.

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Reflections on Conspiracy Theories and Sensible Accounting by Reader "Alice", 89 Years Young; True Meaning of Banking Safely

MishTalk

The founder of modern international finance, Amschel Rothschild, gave the aims and direction of his enterprise simple instruction when he declared he cared not what governments did, all he wanted was the right to control, print their money. When I began investing, one looked at the real property on balance sheets.

Banking 65
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China Cash Crunch Eases, For How Long? Three Things China Needs to Avoid; When can Beijing Truly move to Market-Determined Interest Rates?

MishTalk

Total credit in the economy (total social financing) showed a 40 per cent rise in November over the prior month and is on course for growth this year of almost 20 per cent. China’s credit boom is still in full swing. But it is hard not to conclude that the authorities remain conflicted.

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940 Chinese Firms Halt Trading; China Allows Houses as Margin, Bans Use of Term "Equity Disaster"; Two Rules, Two Questions

MishTalk

Besides financing the bubble with new money, the Chinese government has suspended IPOs, cut trading fees, and relaxed requirements on margin loans (for example, Chinese retail investors can now use their apartments as collateral ). Visit [link] to learn more about wealth management and capital preservation strategies of Sitka Pacific.

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Bulls and Bears Debate China: Property Bubble Expands Again; GDP Growth Picks Up; Economic Recovery Underway? No Says Michael Pettis

MishTalk

We are often told that a fall in housing prices won’t affect the real economy in China much because, unlike in the US, the amount of real estate financed by mortgages is quite low. This means that the foreign currency reserves are simply the asset side of a balance sheet against which there are liabilities. Pettis on GDP.

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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." Not just financed, but financed with long-term debt.