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Equity Research: Understanding the Role of Stock Analysts

Tom Spencer

Equity research is a vital function within the investment industry that helps investors make informed decisions about buying, holding, or selling stocks. The researcher also makes recommendations on whether a stock is a “buy,” “hold,” or “sell” based on their analysis.

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Overcoming Data Collection Challenges in Consulting

Tom Spencer

I was assigned to a typical strategy engagement – should client X selling product Y increase sales in market Z? We repeated our request a week later, but they only provided a balance sheet from the previous year. His advice was specific to consulting, but applicable to other areas of business too.

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Government About to Destroy American Mortgages Permanently Warns Dick Bove; Mish Says Nonsense

MishTalk

Finance reports Government About to Destroy American Mortgages Permanently. Mortgages as we know them are going away in the next four years, warns Dick Bove, vice president of research at Rafferty Capital. These securities are sold in order to add liquidity to the mortgage market, thereby making funds available to borrowers. "If

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How the Great Recession Changed Banking

Harvard Business

The market panicked. That strengthened investment banks’ balance sheets by forcing them to scale back and to change the nature of the risks they take. Less apparent to the outside world is how much banks are also investing in controls, especially in their compliance, risk, and finance divisions.

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Inequality Isn’t Just Due to Market Forces — It’s Caused by Decisions the Boss Makes, Too

Harvard Business

In it, the authors, both sociologists, made a compelling argument that, to understand labor market outcomes like inequality, it wasn’t enough to look at the supply and demand for individuals’ skills. However, any discussion of firms and wage inequality must not be limited to discussion of market forces.

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

MishTalk

The BIS slam, coupled with a recent stock market selloff, brought up debate on a " controlled collapse ". Over the past few years, non-financial corporations in a number of EMEs have borrowed heavily through their foreign affiliates in the capital markets, with the debt denominated mainly in foreign currency.

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Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

MishTalk

Of course, there is also persistent overoptimism about earnings growth and stock market expectations. In November 2007, the Federal Open Market Committee began releasing projections for real GDP growth four times per year in its Summary of Economic Projections (SEP). The track record on recessions is perfect.