MishTalk

OCTOBER 1, 2014

On Tuesday evening, Argentine President Cristina Fernández accused Juan Carlos Fábrega, head of Argentina’s central bank, of " provoking a devaluation of the peso ". In response Head of Argentine Central Bank Quits. There was a sharp sell-off in the benchmark Merval stock index after Mr Fábrega’s departure was announced.

Banking 69

Banking Benchmarking Government Journal 69

MishTalk

DECEMBER 11, 2014

Since early 2010, energy producers have raised $550 billion of new bonds and loans as the Federal Reserve held borrowing costs near zero, according to Deutsche Bank AG. percent in June, according to Bank of America Merrill Lynch index data. markets as unprecedented Fed stimulus fuels a hunt for yield. And this is a mania.”

Energy 78

Energy Marketing Benchmarking Cash Flow 78

MishTalk

MARCH 3, 2014

Russia Intervenes in Currency Markets to Stabilize Ruble Bloomberg reports Ruble Plunges to Record as Bank Rossii Seen Selling $10 Billion. percent against the dollar today, more than any other currency tracked by Bloomberg, while the benchmark Micex stock index plunged more than 11 percent and benchmark bond yields soared. “So

Marketing 69

Marketing Benchmarking Banking Financial 69

MishTalk

JANUARY 19, 2014

At the risk of incurring another nonsensical fine for quoting someone on leverage and capital ratios of French banks, please consider European Banks Face $1 Trillion Gap Before Review. The figures assume a benchmark capital ratio for other book measures of leverage of 7 percent, they wrote. “A

Banking 75

Banking Benchmarking Study Financial 75

MishTalk

DECEMBER 26, 2014

Next year will be a very important year for China because possible strains in the banking system and the intensity with which the reformers present their case will give us a better sense both of how much debt capacity the country retains and of how well positioned Xi Jinping and his allies are to implement the needed reforms.

Banking 71

Banking System Benchmarking Finance 71

Successful Independent Consulting

DECEMBER 4, 2018

Third, do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying. Note: Another logical time is on your company’s anniversary; if you don’t know what day your business was founded, make one up — maybe the date you opened your business bank account or you signed your first contract.)

Consulting 354

Consulting Policies Benchmarking Examples 354

Successful Independent Consulting

DECEMBER 13, 2020

Do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying. Note: Another logical time is on your company’s anniversary; if you don’t know what day your business was founded, make one up — maybe the date you opened your business bank account or you signed your first contract.)

Consulting 221

Consulting Policies Benchmarking Examples 221

MishTalk

AUGUST 28, 2014

On the black market today, it takes 89 bolivars to buy 1 US dollar. Black Market Record Low Bloomberg reports Venezuela’s Black Market Bolivar Slides to Record Low. dollar on the black market today as the government tightens currency rationing to pay maturing debt. Venezuela’s benchmark dollar bonds due in 2027 fell 0.44

Marketing 76

Marketing Benchmarking Government Data 76

Tom Spencer

MARCH 6, 2012

IN A RECENT article by Bloomberg Businessweek , assistant managing editor Brian Bremmer reports that investigators in America, Canada, Japan, the UK, and the EU are trying to determine whether a handful of brokers and traders have manipulated LIBOR. How concerned should we actually be? The LIBOR calculation. 150 rates in total).

Benchmarking 99

Benchmarking Consulting Banking Financial 99

MishTalk

MAY 24, 2014

million after accusing a former trader at the bank of improperly influencing gold prices at the expense of a customer. The process of setting the benchmark price for gold in London dates to 1919. It is set twice a day by five banks that serve as market makers, according to the London Bullion Market Association.

Benchmarking 72

Benchmarking Banking Financial Marketing 72

MishTalk

JANUARY 24, 2014

Argentina Institutes 50% Tax on Internet Purchases; Emerging Market Contagion Spreads; Argentina, Venezuela, Turkey Roundup Yesterday, Argentina devalued the Peso hoping to halt further declines in its currency reserves. Markets had seen this coming as charts of the Peso vs. the US dollar show. The 5-year decline is over 50%.

Marketing 78

Marketing Policies Government Financial 78

MishTalk

APRIL 1, 2015

The Shanghai stock market is on a tear as the following charts show. As with every major bull market participants just cannot wait to get in, and cannot get in enough when they do. Shanghai traders now have more than 1 trillion yuan ($161 billion) of borrowed cash riding on the world’s highest-flying stock market.

Banking 28

Banking Benchmarking Insurance Insurance 28

MishTalk

DECEMBER 23, 2013

The New York Times reports China Rates Approach Crisis Levels Despite Central Bank Measures. The central bank, the People’s Bank of China, said late Friday that it had provided more than 300 billion renminbi, or about $50 billion, in short-term funds to selected banks over a three-day period that week.

Balance Sheet 76

Balance Sheet Banking Benchmarking Financial 76

MishTalk

AUGUST 4, 2015

The headline seasonally adjusted Markit Greece Manufacturing Purchasing Managers’ Index® registered 30.2, Question for Rena Why did you have a Greek bank account? Market Reopens Shares Plunge The stock market collapsed on yesterday following its restricted reopening. well below the neutral 50.0 We’ll be suitcase traders.”

Banking 28

Banking Small Business Retail Benchmarking 28

Tom Spencer

OCTOBER 8, 2016

In the fall of 2015, after spending two years in a small town in the Ruhr Valley starting to learn German (I will appreciate Mark Twain’s perspective on the sprache so much better going forward), I moved to Frankfurt to begin my Executive MBA at the Frankfurt School of Finance and Management. Image Source: WallpaperUp ).

Education 83

Education Finance Enterprise Banking 83

MishTalk

APRIL 14, 2014

On Monday, the Ukraine central bank pulled out the bazooka with a massive set of rate hikes. Kiev’s central bank raised the benchmark discount rate from 6.5 Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. to the US dollar, to 13.16

Banking 66

Banking Benchmarking Finance Financial 66

MishTalk

DECEMBER 25, 2015

Creature of Financial Markets Stephen Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, blasts the Greenspan Fed, the Bernanke Fed, and the Yellen Fed in his latest post The Perils of Fed Gradualism. A majority of financial market participants applaud this strategy. In fact, it is a dangerous mistake.

Financial 28

Financial Marketing Banking Government 28

MishTalk

OCTOBER 23, 2015

China’s central bank cut benchmark interest rates for the sixth time this year in a bid to support an economy which is forecast to grow at its slowest annual rate in 25 years. The PBoC said on its website that it was lowering the one-year benchmark bank lending rate by 25 basis points to 4.35

Benchmarking 28

Benchmarking Banking Exercises Policies 28

MishTalk

APRIL 26, 2014

Russian Markets Have Worst Week Since Crimea. Ukraine forces barricade the rebel stronghold of Slavyansk Russia Issues Downbeat Economic Statement The World Politics Journal notes Russia’s central bank issues a downbeat statement on the Russian economy. Ukraine''s acting prime minister accused Russia of wanting to start WWII.

Benchmarking 67

Benchmarking Banking Finance Operations 67

MishTalk

MARCH 24, 2014

I have to admit (time and time again actually), that this market has gone further, faster, than I thought possible. Over Next Seven Years, Market Will have Negative Returns" I strongly encourage you to read an interview of Jeremy Grantham, by Stephen Gandel, senior editor of Fortune : The Fed is Killing the Recovery. Grantham : No.

Marketing 70

Marketing Balance Sheet Interviews Benchmarking 70

MishTalk

JULY 6, 2015

The overheated Shanghai and Shenzhen markets have lost 29 and 32 per cent respectively over the past three weeks following 7-year highs reached on June 12. Instead of welcoming a much needed correction, Chinese brokerages and the Bank of China agreed to prop up the market. The benchmark Shanghai Composite Index added 2.41

Marketing 28

Marketing Banking Finance System 28

MishTalk

NOVEMBER 27, 2014

Western Canada Select, the Canadian benchmark, has lost more than a third of its value since June, in step with declines for West Texas Intermediate and the international gauge Brent. billion in the week after President Nicolas Maduro transfered $4 billion of Chinese loans to the central bank. in Calgary. Maduro on Nov.

Productivity 77

Productivity Benchmarking Airlines Banking 77

Organizational Talent Consulting

JULY 24, 2023

A financial services company engaged in investment banking and capital markets estimated the customer benefit of the Space X Falcon 9 reusable rocket. Market Culture creates a competitive, fast-paced, results-oriented environment. European Conference on Knowledge Management, 833. million per launch. Çokpekin, Ö., &

Culture 52

Culture Leadership Journal Study 52

MishTalk

JANUARY 11, 2016

It is also a potent sign of the lengths to which China's central bank is prepared to go to support the value of offshore renminbi, known as CNH. The overnight CNH Hibor, a daily benchmark for offshore renminbi interbank lending, hit a record-high 13.4 China found that out with ill-advised attempts to shore up its stock markets.

Benchmarking 28

Benchmarking Banking Marketing Examples 28

MishTalk

SEPTEMBER 5, 2013

Pacific Investment Management Co.’s s Bill Gross, manager of the world’s biggest bond fund, said investors should buy short-term Treasuries and credit securities that will be bolstered by the Fed’s intent to keep benchmark lending rates at almost zero. Here it is: " Pacific Investment Management Co.’s Gross’s View.

Benchmarking 69

Benchmarking Banking Insurance Insurance 69

MishTalk

APRIL 14, 2015

The vast majority of mortgages in Portugal, and a huge number in Italy and Spain are tied to Euribor, the rate it costs European banks to borrow from each other. If Euribor drops low, enough banks will have to pay borrowers. The rate is based on how much it costs European banks to borrow from each other.

Benchmarking 28

Benchmarking Banking Journal Video 28

MishTalk

OCTOBER 25, 2014

The central bank on Sept. The PBOC also eased a ban on mortgages for people without home loan debt who want to buy a third home, allowing banks determine down payments and rates. The PBOC also eased a ban on mortgages for people without home loan debt who want to buy a third home, allowing banks determine down payments and rates.

Real Estate 75

Real Estate Banking Sales Benchmarking 75

MishTalk

MARCH 3, 2015

In an effort to arrest hyperinflation and general panic over rising food prices, Ukraine''s Central Bank Hikes Benchmark Rate to 30 Percent. Ukraine''s central bank will raise its benchmark refinancing rate to 30 percent from 19.5 With all the restrictions, and gimmicks, it''s hard to call this a market.

Benchmarking 28

Benchmarking Banking Sales Marketing 28

MishTalk

JANUARY 19, 2015

This was the first time first time that the benchmark borrowing costs of a developed economy''s government has gone negative for a 10-year duration. Percent Inquiring minds may be wondering about short-term bank-to-bank lending. Such is the absolute madness of central bank policy. Swiss LIBOR Hits Record Low -0.72

Benchmarking 28

Benchmarking Banking Government Policies 28

MishTalk

JANUARY 19, 2015

Last week was the first time that the benchmark borrowing costs of a developed economy''s government has gone negative for a 10-year duration. Percent Inquiring minds may be wondering about short-term bank-to-bank lending. Futility of Draghi''s Upcoming QE Such is the absolute madness of central bank policy. percent to 0.25

Benchmarking 28

Benchmarking Banking Government Policies 28

MishTalk

SEPTEMBER 9, 2015

Saudi Arabia, OPEC’s biggest crude exporter, is tapping local debt capital markets with long-term bonds for the first time in eight years to plug a growing budget deficit. Saibor was at 0.8775 percent on Tuesday, compared with 0.332 percent for the London Interbank Offered Rate, which is used as a benchmark for many dollar loans.

Benchmarking 28

Benchmarking Company Banking Data 28

Martinka Consulting

APRIL 21, 2015

In the past I’ve written about how low interest rates and bank using the SBA guarantee program and its low down payment requirements plus a 10-year amortization have caused buyers to pay more for businesses than they would have years ago (because their payments are the same or less). Many banks will go as low as 1.25:1 times profit.

Cash Flow 40

Cash Flow Benchmarking Banking Sales 40

MishTalk

JANUARY 3, 2016

In an irrational attempt to sponsor inflation, the Swedish central bank, Riksbank, slashed interest rates to -0.35% and conducted several rounds of QE. Some of Scandinavia’s biggest banks are warning investors not to underestimate the risk that the central bank is preparing to intervene in the currency market.

Banking 28

Banking Benchmarking Policies Marketing 28

MishTalk

AUGUST 20, 2014

The ruling meant, and banks enforced, the all or none principle. Payments will be made into accounts at the central bank instead of through Bank of New York Mellon Corp., The country’s benchmark restructured bonds due in 2033 fell 2.58 Bondholders can get payment directly from Argentina''s central bank.

Banking 72

Banking Government Benchmarking Resumes 72

MishTalk

FEBRUARY 6, 2014

In addition to holding its benchmark rate at 0.25%, the ECB also left the rate it pays on bank deposits unchanged at zero. The eurozone is doing so by accident, letting market forces drain liquidity from the financial system for month after month. Banks refusal to lend is not passive tightening. The answer is no."

Balance Sheet 72

Balance Sheet Banking Retail Policies 72

MishTalk

AUGUST 30, 2015

Beijing regulators now seek individuals who have destabilized the markets and spread rumors. Official want someone to blame after their Large-Scale Share Purchases failed to halt a huge stock market slide. This helped to lift the Shanghai benchmark index from a small loss to end the day up more than 5 per cent.

Government 28

Government Resumes Benchmarking Banking 28

MishTalk

AUGUST 24, 2015

Prop Up Failure After futile attempts to prop up its stock market bubble, China stood back and did what it should have done in the first place: Let gravity take over. Swiss Bank Lesson Please recall the Swiss National Bank effort to prevent the Swiss Franc from becoming too overvalued. The fall was the worst since February 2007.

Banking 28

Banking Policies Benchmarking Government 28