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Mish Fined 8,000 Euros for Quoting French Blog

MishTalk

On September 2, 2011, the Wall Street Journal chimed in with A French Banking Primer. 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 French Banking Primer. of its assets—which means its €1.6

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Lawyer Advises Me "Don't Go to France"; French Pub Fined €9,000 for Using "Undeclared Labor" after Customers Returned Empties to Bar

MishTalk

All I did was quote a French blogger on bank leverage, and the numbers I quoted were matched by the Wall Street Journal. Wolf Richter at the Testosterone Pit commented on Gagging Doubt: French Crackdown On French And American Bloggers Who Question Megabank Balance Sheets The France''s Financial Markets Authority (AMF) announced on Nov.

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Is Mario Draghi a Bare-Assed Emperor With No Clothes?

MishTalk

ECB Hints at March Stimulus ECB president Mario Draghi ignited the markets today with Hints at More Stimulus in March. Investors reacted positively to Mr. Draghi’s comments Thursday, with eurozone equity markets moving higher in anticipation of further stimulus from the central bank. The euro fell against the U.S.

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Syriza Trounces New Democracy; Greeks Stop Paying Taxes; Run on Greek Banks Escalates; Get Out!

MishTalk

The Wall Street Journal reports Greece’s Radical Leftist Syriza Party Poised to Win Election, Exit Polls Say. Here''s an interesting quote from the Journal. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Syriza appeared set to win between 35.5%

Banking 28
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If You Think Downsizing Might Save Your Company, Think Again

Harvard Business

Proponents of downsizing argue that it is an effective strategy, with benefits such as increased performance and sales. In our recently published work in the Journal of Business Research , we tested the theory that downsizing could lead to a host of problems that eventually increases the likelihood of bankruptcy. based corporations.

Company 28
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Huge Capital Raising Effort at Spanish Bank Passing Latest Stress Test; New Game in Town; Smell Test Failure

MishTalk

When the bank reopened its shares plummeted as much as 14%, with the Spanish stock market down about 4%. The Wall Street Journal posted a table of Participating Banks With a Shortfall. The Journal reported " Overall, 25 banks technically failed the so-called stress tests, facing a cumulative shortfall of €24.6

Banking 28
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Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors

Harvard Business

In his Harvard Business Review article summing up his tenure, Immelt recalls that the two things that influenced him most were Marc Andreessen’s 2011 Wall Street Journal article “ Why Software Is Eating the World ” and Eric Ries’s book The Lean Startup. He doubled GE’s investment in R&D. Comstock is out.