MishTalk

DECEMBER 9, 2014

Covered bond supply has reached its lowest level in nearly two decades as the European Central Bank has been accused of crowding out investors from the market by pushing up prices and depressing yields. This is in spite of an ECB programme announced in September aiming to stimulate the market. The ECB is crowding out investors.

Marketing 69

Marketing Balance Sheet Banking Policies 69

MishTalk

NOVEMBER 6, 2014

Having already cut interest rates to record lows and saying they can go no lower, Draghi is now focused on boosting the ECB’s balance sheet. We are quite confident that the impact on our balance sheet size will be adequate, will be significant, will be sizable,” Draghi said. trillion] more than the current level.

Balance Sheet 70

Balance Sheet Banking Government Policies 70

MishTalk

OCTOBER 26, 2013

Inquiring minds are monitoring the Fed''s Balance Sheet. One more week like this and the FED balance sheet will be $1 trillion more than last year at this time. With little fanfare or analysis by mainstream media as to what is really happening, Bloomberg reports Fed Gets Bigger in Markets as QE Prompts New Tools.

Tools 76

Tools Banking Balance Sheet Policies 76

Tom Spencer

NOVEMBER 25, 2011

ON WEDNESDAY November 23rd, an auction of German government bonds (known as “Bunds”) managed to sell only €3.6 Thirdly, European banks are currently focused on building their balance sheets not on lending. While Bunds may still smell sweet, weak financial markets in Europe are a cause for concern.

Balance Sheet 89

Balance Sheet Banking Financial Case Interview 89

MishTalk

AUGUST 6, 2013

Minyanville Business and Market News. Balanced Budget Ammendment Sign the Balanced Budget Petition. What Has Government Done to Our Money? China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Reader Question: Does the Fed Balance Sheet Properly Reflect QE Announcements?

Balance Sheet 68

Balance Sheet Analysis Trends Real Estate 68

Tom Spencer

NOVEMBER 27, 2021

“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” ~ John Maynard Keynes. Some market commentators saw this coming, and those same players predict that higher inflation will persist. In order to take this into account, government agencies (e.g.,

Government 88

Government Balance Sheet Apparel Education 88

MishTalk

FEBRUARY 16, 2014

Retail investors aren’t the only ones suffering from the woes of the emerging markets: Procter & Gamble PG +2.06% is feeling the pain of foreign currencies, too. Venezuela uses a de-facto dual-exchange rate system, but policy changes recently enacted by the Venezuelan government are affecting the way that certain imports — i.e,

Balance Sheet 77

Balance Sheet Productivity Sales Policies 77

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

Tom Spencer

AUGUST 25, 2018

The 2008 financial crisis saw Ben Bernanke, the then chairman of the Federal Reserve, providing money to banks across the United States following the collapse of the housing market and subsequent defaults of mortgage backed securities. Will humanity ever learn its lesson? The US Federal Reserve spent around 3.7

Financial 60

Financial Balance Sheet Banking Policies 60

Tom Spencer

MAY 9, 2020

By taking America off the gold standard, the US dollar became a fiat currency, deriving its value not from a claim on gold but from the stability and creditworthiness of the US government, the tax collecting power of the Internal Revenue Service, and the restraint of the Federal Reserve in limiting the supply of dollars. (It

System 88

System Banking Government Insurance 88

MishTalk

NOVEMBER 27, 2013

Draghiz e: "The test is credible because the ultimate purpose of it is to restore or strengthen private sector confidence in the soundness of the banks, in the quality of their balance sheets" Mish : The test is credible because we say it is. It is what they call "enforce the triple A".

Balance Sheet 66

Balance Sheet Exercises Banking Government 66

MishTalk

AUGUST 22, 2013

From 1997-2000 the Fed ignored a major bubble in the stock market. He conveniently ignores the fact he was on the Fed in the Greenspan years, that he presided over the biggest property bubble in history, and he also ignores the stock market bubble we are in now. Inflation Benefit 2: The federal government debt goes away.

Balance Sheet 73

Balance Sheet Real Estate Banking Government 73

MishTalk

OCTOBER 23, 2013

Draghize : "The test is credible because the ultimate purpose of it is to restore or strengthen private sector confidence in the soundness of the banks, in the quality of their balance sheets". Draghize : "The region’s governments will be ready to fill any capital holes that emerge as a result of the stress tests.".

Balance Sheet 62

Balance Sheet Exercises Banking Government 62

MishTalk

JUNE 10, 2015

Headlines for Next 6-7 Months US, German and EU core government bonds will be 100 basis points higher by and in Q4 before making final new low in H1 2016. Central Bank Balance Sheets Excuse me? Hard even to see change in ECB balance sheet. Via email, the rest of what follows is a guest post from Steen Jakobsen.

Balance Sheet 28

Balance Sheet Travel Comparison Banking 28

MishTalk

JULY 30, 2014

Soon, all of Germany’s coal-fired power plants will be dependent on imports, with the country expected to halt coal mining in 2018 when government subsidies end. That’s because it shifts some pollution — and the burden for cleaning it — onto another other country’s balance sheet. increasingly has helped supply. In the U.S.,

Balance Sheet 72

Balance Sheet Enterprise Energy Banking 72

MishTalk

DECEMBER 26, 2015

The total debt of households, non-financial enterprises and the general government sector as a share of GDP is higher now than it was at the beginning of the GFC. The balance sheet of the Swiss National Bank has expanded even more impressively, again with no discernable impact on the inflation rate. The answer is: None.

Balance Sheet 28

Balance Sheet Banking Policies Financial 28

MishTalk

JANUARY 26, 2014

In Emerging Market Contagion Spreads , I presented a viewpoint that emerging market currencies have been under pressure because of falling commodity prices. To be fair, quite a few emerging market currencies as well as the currencies of developed countries that are large commodity exporters have been under pressure for some time.

Balance Sheet 78

Balance Sheet Banking Tourism Sports 78

MishTalk

SEPTEMBER 18, 2014

The European Central Bank’s first offer of cheap four-year loans has fallen short of expectations, dealing a blow to president Mario Draghi’s hope of sustaining the eurozone’s ailing economy by expanding the central bank’s balance sheet. With inflation as low as 0.4

Balance Sheet 66

Balance Sheet Banking Operations Policies 66

MishTalk

JUNE 26, 2013

Minyanville Business and Market News. Balanced Budget Ammendment Sign the Balanced Budget Petition. What Has Government Done to Our Money? China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Sitka Pacific. Recent Posts. Featured Links. Home Builders. Recommended Books.

Balance Sheet 68

Balance Sheet Real Estate Financial Advertising 68

MishTalk

AUGUST 22, 2014

Via the LTRO, Draghi succeeded in suppressing yields of European government bonds, but at the expense of creating a bond bubble. What about mark-to-market valuations of loans and assets on the balance sheets of banks? That they do not yield the same is proof enough. Are loan loss provisions high enough?

Banking 67

Banking Balance Sheet Metrics Government 67

Martinka Consulting

APRIL 3, 2020

Know what’s happening with governments and their policies. If you have a line of credit, consider using it to get cash on your balance sheet. Be as large a marketing machine as you can be (as Dan said, you can’t over communicate), especially if you can do it for little or no expense. What are you telling clients now?

Management 40

Management Balance Sheet Training Training 40

MishTalk

DECEMBER 18, 2013

Subordinated debt has a lower priority than other bonds of the issuer in case of liquidation during bankruptcy, and ranks below the liquidator, government tax authorities and senior debt holders in the hierarchy of creditors. Subordinated debt is issued periodically by most large banking corporations in the U.S. 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

Banking 28

Banking Balance Sheet Finance Construction 28

MishTalk

OCTOBER 16, 2015

Despite the unprecedented increase in the Federal Reserve’s balance sheet, growth in M2 over the first nine months of this year fell below its average rate of growth over the past 115 years, a time when the growth in the monetary base was stable and quite modest. Let's take a look, emphasis mine.

Balance Sheet 28

Balance Sheet Banking Interviews Video 28

MishTalk

JULY 11, 2014

The BIS slam, coupled with a recent stock market selloff, brought up debate on a " controlled collapse ". Government debt-to-GDP ratios have risen further; in several cases, they appear to be on an unsustainable path. Increased risk-taking also manifested itself in other credit market segments.

Balance Sheet 74

Balance Sheet Financial Banking Policies 74

MishTalk

JANUARY 23, 2015

That would shrink the tradable market for German bonds in a year when the debt agency already planned to reduce the amount of conventional bonds outstanding by 8 billion euros. We might not be too far off the German bund market looking like the Swiss one, with a negative yield out to 10 years. It’s pretty crazy.”

Balance Sheet 28

Balance Sheet Banking Government Insurance 28

MishTalk

NOVEMBER 6, 2015

This observation can be confirmed by examining the flows of the balance of payments over the 12 months period from August 2013 to July 2014, during which the target2 liabilities of the bank of Italia consistently decreased. When domestic investors sell government bonds, the proceeds increase their deposits on their bank accounts.

Balance Sheet 28

Balance Sheet Banking Government Financial 28

MishTalk

SEPTEMBER 23, 2013

Bernanke is doing what he was appointed to do.keep the money coming for the US Government to spend, thereby monetizing all expenditures no matter the purpose. Governments took him at his word and his business grew exponentially so he must have been doing something right or as Lloyd Blankfein said "doing God''s work!".

Banking 65

Banking Balance Sheet Policies Travel 65

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." Investors should have taken a hit. Certainly the promised 10% yield was too good to be true.

Banking 72

Banking Balance Sheet Productivity Financial 72

MishTalk

JUNE 28, 2013

Minyanville Business and Market News. Balanced Budget Ammendment Sign the Balanced Budget Petition. What Has Government Done to Our Money? China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. The House Oversight and Government Reform Committee, chaired by Rep.

Analysis 74

Analysis Trends Real Estate Case Interview 74

MishTalk

JULY 7, 2015

China's Market and Policy Timeline Bloomberg has an interesting graph of China's Market and Policy Timeline. Another 173 firms listed in Shanghai and Shenzhen announced trading suspensions after the market closed on Tuesday, bringing the total to around 940, or more than a third of all listed firms on the two exchanges.

Real Estate 28

Real Estate Banking Government Balance Sheet 28

MishTalk

JULY 16, 2014

Rather than repairing its balance sheet by reducing debt, the U.S. rates higher than those of major foreign markets, investors are provided with an additional reason to look favorably on increased investments in the long end of the U.S. treasury market. Yesterday, in Corporate and Government Bonds: Where to From Here?

Balance Sheet 68

Balance Sheet Financial Analysis Policies 68

MishTalk

APRIL 7, 2014

The British want to clarify that central banks can extend liquidity even when relying on a specific government guarantee, without triggering haircuts on bondholders. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Banking 71

Banking Balance Sheet Finance Government 71

Tom Spencer

NOVEMBER 9, 2019

Historically, commercial banking and investment banking functions have been separated by law – these restrictions have since been repealed and larger banks tend to take on capital markets operations due to the complimentary nature of the businesses. In secondary markets, the sales & trading function operates as a market maker.

Banking 12

Banking Industry Balance Sheet Retail 12

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. Deposit rates are still low and the stock market has been uncooperative. Bulls think China is on the mend. Bullish Arguments. Property Prices Rising.

Real Estate 64

Real Estate Banking Government Balance Sheet 64

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. government’s Committee for Foreign Investment blocked a $3.3 All of which require a deft handling of intercultural sensitivities. This year, for example, the U.S.

Balance Sheet 28

Balance Sheet Policies Operations Banking 28

MishTalk

JUNE 27, 2013

Minyanville Business and Market News. Balanced Budget Ammendment Sign the Balanced Budget Petition. What Has Government Done to Our Money? China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Sitka Pacific. Recent Posts. Featured Links. Home Builders. Recommended Books.

Analysis 70

Analysis Trends Real Estate Banking 70