MishTalk

AUGUST 22, 2013

From 2003-2006 the Fed ignored major bubbles in home prices, then commercial real estate. Inflation Benefit 3 (?): "Balance sheet recession" might go away! Balance sheet recession" might go away!? We have a balance sheet recession precisely because of an inflationary asset bubble gone bust.

Balance Sheet 72

Balance Sheet Real Estate Banking Government 72

MishTalk

FEBRUARY 6, 2014

The balance sheet of the European Central Bank has fallen by €553bn over the past year as banks repay money that they no longer want, either because ECB funds are too costly in a near-deflationary world or because lenders are being compelled by regulators to shrink their books. The US and China are withdrawing stimulus on purpose.

Balance Sheet 71

Balance Sheet Banking Retail Policies 71

MishTalk

JULY 16, 2014

Rather than repairing its balance sheet by reducing debt, the U.S. Readers of our letters are familiar with our long-standing assessment that the cause of slower growth is the overly indebted economy with too much non-productive debt. economy is starting to increase its leverage. Total debt rose to 349.3%

Balance Sheet 67

Balance Sheet Financial Analysis Policies 67

MishTalk

APRIL 1, 2015

There has been a structural gap in Chicago’s Corporate Fund budget since at least 2003. Although most governments are required to balance their budgets on a cash flow basis each fiscal year, a structural budget gap can arise when recurring expenditures are greater than recurring revenues. million to $102 million.

Financial 28

Financial Engineering Finance Government 28