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Greek default in all but name - Tom Spencer consulting blog

Tom Spencer

by Tom Spencer on November 27, 2011 · 0 comments  ·  Image Source. IN OCTOBER 2011, private banks accepted a 50% writedown on Greek debt. Definitions. Helpful Links. Greek default in all but name. in Economics. Whatever you say it is, it isn’t ~ Alfred Korzybski.

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Mish Fined 8,000 Euros for Quoting French Blog

MishTalk

On August 15, 2011, I posted BNP Paribas leveraged 27:1; Société Générale Leveraged 50:1; Sorry State of Affairs of U.S. On September 2, 2011, the Wall Street Journal chimed in with A French Banking Primer. trillion balance sheet is leveraged nearly 49-to-1. Needless to say, I did not go. French Banking Primer.

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Start of a Global Currency Crisis?

MishTalk

Please see my November 8, 2011 article Perfect Storm; Eight Reasons to be Bullish on the US Dollar. Babacan said the central bank was taking the necessary steps to deal with the situation, and said Turkey was protected against the swings in the market by its sound finances.

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China Cash Crunch Eases, For How Long? Three Things China Needs to Avoid; When can Beijing Truly move to Market-Determined Interest Rates?

MishTalk

Total credit in the economy (total social financing) showed a 40 per cent rise in November over the prior month and is on course for growth this year of almost 20 per cent. China’s credit boom is still in full swing. But it is hard not to conclude that the authorities remain conflicted.

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10 Flaws with Mainstream Economics

Tom Spencer

Corporate finance academics argue that firms should act to maximise shareholder value, since shareholders are the owners of the firm. Herbert Simon called this approach to decision making ‘ bounded rationality ‘ 2. Profit maximisation. Economics assumes that firms aim to maximise profits. In reality, firms have a range of goals.

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

MishTalk

Chicago finances are even worse than I thought which is saying quite a bit because I have written about the sorry state of Chicago finances on numerous occasion. Many of these uses of bond proceeds are not eligible for tax-exempt financing under the federal tax code." Who Is Kristi Culpepper? You should be.

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Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation?

MishTalk

Get Involved The State of the Unions Finances: A Citizens Guide. Balanced Budget Ammendment Sign the Balanced Budget Petition. Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation? Fed Balance Sheet vs. Stock Market. Dollar Collapse News on the Dollar's Death Spiral. Urban Digs. Zero Hedge.