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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

If you’re not a numbers person, finance is daunting. After all, if you’re trying to sell a product or strategy, you need to be able to demonstrate that it is both practical and high margin. Stop avoiding finance because you’re afraid of numbers. “Finance and accounting are very simple. .”

Finance 28
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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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Pettis on Strains in China's Banking System; Avoiding the Fall

MishTalk

In either case they reduce consumption demand relative to production. They lower mortgage and consumer financing costs for households, who represent a substantial portion of total borrowing, allowing them greater spending power. But high debt levels change the impact of more productive behavior in at least three important ways.

Banking 71
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Banks – Industry Overview

Tom Spencer

Investment banks are split between capital markets and corporate finance (also known as investment banking). Investment Banking – Capital Markets (Wholesale Banking) and Corporate Finance. Various other products. Credit card debt in Canada comes with steep interest rates and serves as a profitable product for banks.

Banking 12
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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.

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Pettis Proposes Savings Glut and Income Inequality are Source of Global Imbalances; Mish vs. Pettis: I Respectfully Disagree

MishTalk

This model rests on an understanding of how distortions in the savings rates of different countries have driven the great trade and balance-sheet distortions with which we are wrestling today, just as they have in most previous global crises, including those of the 1870s, the 1930s, and the 1970s. It does so in two ways.

Banking 67