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Fed Openly Discusses "Permanently High Balance Sheet"; Lie Finally Admitted

MishTalk

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.

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Bank Valuation: Understanding Key Ratios and Metrics

Tom Spencer

Image 1: Illustrative example of a bank’s net interest income and margin Source: CIBC’s 2022 Annual Report 1.2 As an example, corporate lending is characterized by very low efficiency ratios (a good thing) but also low ROE given the large amount of capital charges. It is not a useful metric for comparing different business lines.

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Apple's Balance Sheet Math: Does Apple Really Have $203 Billion in Usable Cash on Hand as Widely Reported?

MishTalk

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. For example CNN Money points out Apple has $203 billion in cash. For example, he notes $31.5 billion in “off-balance-sheet” liabilities.

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Bank Profitability: Decoding the Income Statement

Tom Spencer

A bank’s income statement can be simplified into five main line items: Net interest income Non-interest income Operating expenses Provision for credit losses (PCL) Tax Image 1: Illustrative example of a bank’s income statement Source: CIBC’s 2022 Annual Report 1. Image 2: Illustrative example of a bank’s non-interest income 3.

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Human Resources Management – How to Get Started

Tom Spencer

Human resource teams are critical to the growth of a company since employees typically represent both the biggest operating expense and largest off-balance sheet asset for most businesses. For example, in many technology companies software engineers are organized in a leveling structure. Compensation.

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Overcoming Data Collection Challenges in Consulting

Tom Spencer

We repeated our request a week later, but they only provided a balance sheet from the previous year. For example, instead of asking for the average payroll for each department over time, ask for a representative current salary of an employee in each department: sales, operations, finance. There are three ways to do this.

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Creating Leadership Trust that Inspires People

Rick Conlow

For example, the US Congress is rated lower in trust than car salespeople. Products, the balance sheet and customers are the priority. For example, companies or managers provide many opportunities for training, and recognition. Leadership distrust is rampant today according to research.