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Bulls and Bears Debate China: Property Bubble Expands Again; GDP Growth Picks Up; Economic Recovery Underway? No Says Michael Pettis

MishTalk

This means that the foreign currency reserves are simply the asset side of a balance sheet against which there are liabilities. billion yuan in August, a record in data going back to 2002, after 192.7 Visit [link] to learn more about wealth management and capital preservation strategies of Sitka Pacific.'

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Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

MishTalk

A possible explanation for the SEP’s prediction of a rapid catch-up to potential GDP after 2009 is that participants overestimated the efficacy of monetary policy in the aftermath of a so-called balance-sheet recession. Month/Year Current Conditions Expected Conditions 2/1/2002 13.80 -11.92 7/2015 -14.92 8/2015 -14.67

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Swiss Bank Hits Customers With Negative Interest Rates; Crazy? What About Velocity?

MishTalk

With its balance sheet totalling nearly 1.6 Either way, it’s an unorthodox choice that has distorted financial markets and triggered warnings that the strategy could backfire. Inquiring minds may also be interested in the Frank Shostak's 2002 article Is Velocity Like Magic?

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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

The Chicago Tribune estimated it at approximately $400 million : In 2002, for example, the city used tax-exempt bonds to pay an arbitration award involving the Fraternal Order of Police. Chicago used interest rate swaps on its 2003, 2005, 2007, and 2009 bond deals, apparently as part of a synthetic fixed rate strategy. (