Tom Spencer

NOVEMBER 27, 2011

European leaders are now using the same brand of financial wizardry which created the global financial crisis in the first place. Characterising the writedown of Greek debt as “private sector involvement” is more of the same financial manipulation, but it is also shrewd politics. Management Consulting.

Balance Sheet 89

Balance Sheet Consulting Case Interview Financial 89

MishTalk

NOVEMBER 20, 2013

Banks; Global Financial System is Bankrupt. The effects of a system that ''encourages excessive financial leverage''. trillion balance sheet is leveraged nearly 49-to-1. As a group, these three banks have some €4 trillion in assets on their balance sheets, supported by €129.3 By contrast, J.P. billion (€489.9

Balance Sheet 78

Balance Sheet Banking Financial Finance 78

MishTalk

AUGUST 6, 2013

Get Involved The State of the Unions Finances: A Citizens Guide. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Financial Sense. Reader Question: Does the Fed Balance Sheet Properly Reflect QE Announcements? The feds balance sheet doesnt reflect it.

Balance Sheet 68

Balance Sheet Analysis Trends Real Estate 68

Harvard Business

OCTOBER 31, 2017

Many other financial firms including AIG, Fannie Mae, and Freddie Mac needed bail outs. It may feel as though the financial system hasn’t changed much in the decade since the downturn, but it has. Most of the regulation was meant to safeguard the financial system, and the taxpayers who had to bail it out, from another crisis.

Banking 28

Banking Balance Sheet Financial Finance 28

MishTalk

JULY 11, 2014

Financial fluctuations (“financial cycles”) that can end in banking crises such as the recent one last much longer than business cycles. Yet financial cycles can go largely undetected. Yet financial cycles can go largely undetected. Historical evidence shows that this rarely happens following a balance sheet recession.

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Balance Sheet Financial Banking Policies 74

MishTalk

DECEMBER 26, 2013

China''s Move to Market-Set Rates Let''s step back to December 8 and look at China Relaxes Grip on Interest Rates China is relaxing its grip on interest rates with the launch of a financial instrument that allows banks to trade deposits with each other at market-determined prices. China’s credit boom is still in full swing.

Balance Sheet 67

Balance Sheet Marketing Banking Financial 67

MishTalk

JUNE 26, 2013

Get Involved The State of the Unions Finances: A Citizens Guide. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Financial Sense. The Financial Times reports ECB exit from easing remains far off, Draghi says. Dollar Collapse News on the Dollar's Death Spiral.

Balance Sheet 68

Balance Sheet Real Estate Financial Advertising 68

MishTalk

DECEMBER 18, 2013

The Financial Times notes a Big rise in subordinated debt issuance by EU banks Banks have taken advantage of yield-chasing investors to issue $90.7bn of subordinated debt for the year to date, a 41 per cent increase compared to the same period in 2012. Also consider "stress tests".

Banking 71

Banking Balance Sheet Finance Government 71

MishTalk

MARCH 1, 2015

Reuters reports Austria Imposes Debt Moratorium on Heta "Bad Bank" Austria''s Financial Market Authority stepped in on Sunday to wind down "bad bank" Heta Asset Resolution and imposed a moratorium on debt repayments by the vehicle set up last year from the remnants of defunct lender Hypo Alpe Adria. billion euros ($8.51 More than 9.8

Banking 28

Banking Balance Sheet Finance Construction 28

MishTalk

APRIL 1, 2015

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. Kristi Culpepper, a bond guru, has gone over Chicago''s annual financial report, bond documents, investor presentations, and CAFRs. Who Is Kristi Culpepper?

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Financial Engineering Finance Government 28

Harvard Business

OCTOBER 20, 2016

Meanwhile the Institute of International Finance forecasted net capital flows for emerging markets in 2015 would be negative for the first time since 1988. trillion, or 9%, over the past two years, and at just $646 billion, foreign direct investment in rich economies last year represented a 40% drop from the peak before the financial crisis.

Balance Sheet 28

Balance Sheet Policies Operations Banking 28

Tom Spencer

MAY 9, 2020

When I studied economics at Sydney University in the early 2000s and financial economics at Oxford in the early 2010s, I learned pretty much the same thing about money; very little. For example, if the US government spends more than it collects in taxes, it can finance the budget deficit by selling bonds. Image: Pixabay.

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System Banking Government Insurance 88

MishTalk

APRIL 7, 2014

The political stand-off over the bank recovery and resolution directive – a centrepiece of post-crisis financial reforms – is extremely unusual because it comes days before the European parliament is supposed to adopt the agreed text of the legislation.

Banking 71

Banking Balance Sheet Finance Government 71

MishTalk

JANUARY 28, 2014

"Industrial and Commercial Bank of China, the world''s largest bank by assets, said on Thursday that it has no plans to use its own money to repay investors in a troubled off-balance-sheet investment product that it helped to market." Mystery Money The Financial Times reports China trust deal raises thorny questions.

Banking 72

Banking Balance Sheet Productivity Financial 72

MishTalk

JUNE 28, 2013

Get Involved The State of the Unions Finances: A Citizens Guide. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Financial Sense. The dismal forecast has some bracing for another taxpayer-financed bailout. Dollar Collapse News on the Dollar's Death Spiral.

Analysis 74

Analysis Trends Real Estate Case Interview 74

Tom Spencer

NOVEMBER 9, 2019

Investment banks are split between capital markets and corporate finance (also known as investment banking). Investment Banking – Capital Markets (Wholesale Banking) and Corporate Finance. Trust banks: Banks that provide custody and deposit services for large asset managers. Investment Banking. Commercial vs Retail Banking.

Banking 12

Banking Industry Balance Sheet Retail 12

MishTalk

JUNE 27, 2013

Get Involved The State of the Unions Finances: A Citizens Guide. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Financial Sense. Michael Pettis at China Financial Markets commented on the liquidity crunch and spike in SHIBOR a few days ago via email. Burning Platform.

Analysis 70

Analysis Trends Real Estate Banking 70

Harvard Business

JANUARY 16, 2017

Rather than managing that complexity by delegating and decentralizing, the CEO became even more controlling. Another CEO used prodigious management skills to successfully consolidate, grow, and dramatically increase the efficiency of a vertically integrated industrial company. Shortcomings in Self-Governance.

Company 28

Company Government Balance Sheet System 28

MishTalk

NOVEMBER 20, 2015

“My personal belief is the trucking industry needs to realize production of goods will have ups and downs,” Satish Jindel, principal of SJ Consulting , which closely tracks industry pricing, told Logistics Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Balance Sheet 28

Balance Sheet Banking Study Policies 28

MishTalk

SEPTEMBER 26, 2013

I don''t and neither does Michael Pettis at China Financial Markets. The Financial Times reports China house price surge raises prospect of steps to cool market. There seems to be a still-widespread perception that PBoC reserves represent a hoard of unencumbered savings that the PBoC has somehow managed to collect.

Real Estate 64

Real Estate Banking Government Balance Sheet 64

MishTalk

JULY 2, 2013

Get Involved The State of the Unions Finances: A Citizens Guide. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Financial Sense. There exists no back-test for the current era of finance. Dollar Collapse News on the Dollar's Death Spiral. Burning Platform.

Trends 63

Trends Analysis Real Estate Financial 63

MishTalk

DECEMBER 26, 2014

They lower mortgage and consumer financing costs for households, who represent a substantial portion of total borrowing, allowing them greater spending power. This isn’t the first time, of course, that the balance-sheet dynamics during a growth miracle have created unrealistic evaluations about the quality of policymaking.

Banking 71

Banking System Benchmarking Finance 71

MishTalk

JANUARY 25, 2015

of the vote, trouncing the incumbent New Democracy party, which managed to secure just 23% to 27% of the vote, according to the exit polls whose results were issued immediately after voting booths closed. Greeks Stop Paying Taxes Late last week the Financial Times reported Greeks Stop Paying Taxes in Expectation of Syriza Poll Victory.

Banking 28

Banking Balance Sheet Journal Report 28

MishTalk

JULY 7, 2015

940 Chinese Firms Halt Trading The Financial Times reports Stocks Fall Despite Stabilization Efforts Hundreds of Chinese companies have halted trading in their shares as Beijing struggles to insulate the economy from the country’s steepest equity decline in more than two decades. The open questions are as I stated at the top: "How Fast?"

Real Estate 28

Real Estate Banking Government Balance Sheet 28

MishTalk

JULY 10, 2013

Get Involved The State of the Unions Finances: A Citizens Guide. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Financial Sense. Participants also described their views regarding the appropriate path of the Federal Reserves balance sheet. Burning Platform.

Real Estate 61

Real Estate Financial Policies Advertising 61

Markovitz Consulting

MAY 19, 2021

As with individuals, there will be disagreement over metrics, but clearly we have to consider financial performance, internal stakeholders (employees), and external stakeholders (community). Similarly, one of the primary drivers of GE’s fall from grace was the reckless pursuit of profits from its financing operations.

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Company Balance Sheet Metrics Engineering 124

Harvard Business

MARCH 30, 2017

In 1980, Jim Baron, now a professor at the Yale School of Management, and William Bielby, now a professor at the University of Illinois, published a seminal article on firms and inequality. What if we changed some of those incentives? Could we treat workforce training and other investments in employee skill and well-being similarly?

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Marketing Balance Sheet System Training 28

Harvard Business

JANUARY 24, 2017

Through a coordinated, systemic, prolonged intervention with dozens of institutions and thousands of individual participants, new growth of the local companies we trained has directly created over 1033 jobs, fueled by dozens of new private sector financings. strategic hires). day, scale-focused workshops and related activities.

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Training Training Banking Balance Sheet 28

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. In this case, the stench on Greek bank balance sheets will not go away. Instead, stench will also appear on the balance sheet of the ECB.

Balance Sheet 75

Balance Sheet Real Estate Banking Policies 75

MishTalk

OCTOBER 26, 2014

Roughly one in five of the euro zone''s top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank said on Sunday. 48 Billion Shortfall The Financial Times reports ECB Says Banks Overvalued Assets by €48bn. The 130 banks account for 81.6

Balance Sheet 76

Balance Sheet Banking Exercises Report 76

MishTalk

DECEMBER 9, 2013

It does not need to borrow money from foreign countries to finance its ongoing deficit (because there is no deficit). Greece Strikes Back The Financial Times reports Greece Strikes Back. Samaras Forced to Act Tough The Financial Times warns Samaras. Unless Germany forgives Greek debt, Greece is more likely than ever to default.

Balance Sheet 77

Balance Sheet Financial Government Finance 77

MishTalk

JUNE 30, 2013

Get Involved The State of the Unions Finances: A Citizens Guide. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Financial Sense. or financial instrument, or to participate in any particular trading or investment strategy. Top Financial Blog Citations.

Analysis 72

Analysis Trends Real Estate Financial 72

Harvard Business

MAY 1, 2017

The global financial crisis prompted many companies to pull in their horns, hoard cash, trim costs, and take a wary view of large investments. Bain & Company’s Macro Trends Group carefully analyzed the global balance sheet and found that the world is awash in money. times global GDP) to more than $600 trillion (9.5

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Cash Flow Financial Balance Sheet Bain 46

MishTalk

DECEMBER 17, 2013

On December 12 the Financial Times reported EU reaches landmark deal on failed banks with a "common rule book for handling failed banks". At the same time we also established clear rules to deal with the most exceptional cases in which overall financial stability is in danger. ” I replied "wait for the details".

Banking 73

Banking Finance Balance Sheet Financial 73

MishTalk

MARCH 17, 2014

Michael Pettis at China Financial Markets taught me much of what I know about global trade. The difference, he argued, poured into speculative stock, bond and real estate markets or was exported abroad to finance foreign demand for home products. I am very appreciative. I tend to agree with most of his views.

Banking 67

Banking Real Estate Productivity Policies 67

Tom Spencer

AUGUST 12, 2020

Responding to high levels of debt and financial instability, one would expect to see each bank try to protect itself by shrinking its loan book. This inadvertently fuels asset bubbles and financial instability. In 2020, the Fed has galloped over the precipice, increasing its balance sheet by around $2.8

Banking 120

Banking Balance Sheet Financial Real Estate 120

MishTalk

JUNE 26, 2015

BitGold just completed a financing for C$18 million, which included some top name institutional investors. After this financing, BitGold’s two main owners are the shareholders of GoldMoney and Roy Sebag, whose understanding of gold is as deep as anyone I have ever met. Gold still represents a tiny fraction of global financial assets.

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Insurance Insurance Balance Sheet Cash Flow 28