Remove 2012 Remove Balance Sheet Remove Finance
article thumbnail

European Banks Dump Massive Amounts of Subordinated Debt on Investors

MishTalk

The Financial Times notes a Big rise in subordinated debt issuance by EU banks Banks have taken advantage of yield-chasing investors to issue $90.7bn of subordinated debt for the year to date, a 41 per cent increase compared to the same period in 2012. Also consider "stress tests".

Banking 67
article thumbnail

Start of a Global Currency Crisis?

MishTalk

I also expected a slowdown in China, a plunge in the Yen, and a currency crisis not related to a sinking US dollar (See March 12 2012 article Japan''s Debt Disaster and China’s Non-Rebalancing Act: Economic Toxic Brew Portends Currency Crisis ). Here we are, with still other currencies in the problem mix.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Prisoner's Dilemma Game in Greece; Contagion-Spread Eurozone Breakup More Likely Now; How will Greece NOT pay back €320 billion?

MishTalk

It does not need to borrow money from foreign countries to finance its ongoing deficit (because there is no deficit). The key point is that as long as Greece runs a current account surplus, it can finance its way via taxation, without further Troika meddling. Because Greece now has a current account surplus.

article thumbnail

Midsize Cities Are Entrepreneurship’s Real Test

Harvard Business

Located in the heart of Colombia’s coffee region, in 2012 Manizales was a good place to grow up and get an education, and an even better place to retire, safe and surrounded by beautiful scenery. However, during their prime working years, most Manizalenos would move to Bogota (7 million people) or Medellin (2.5 strategic hires).

article thumbnail

Pettis on Strains in China's Banking System; Avoiding the Fall

MishTalk

They lower mortgage and consumer financing costs for households, who represent a substantial portion of total borrowing, allowing them greater spending power. This isn’t the first time, of course, that the balance-sheet dynamics during a growth miracle have created unrealistic evaluations about the quality of policymaking.

Banking 68
article thumbnail

Nifty-Fifty Becomes Fab-Five; Return of the "Four Horseman"; Ozone Layer

MishTalk

New Four Horseman On January 6 2012, GeekWire proclaimed Meet the new ‘four horsemen’ of tech: Sorry, Microsoft, Dell, Cisco and Intel. Fast forward to 2012, and the makeup looks quite different. Final Four, Elite Eight, Sweet Sixteen Amazon, Google, Apple, and IBM were billed as the new four horsemen in 2012.

article thumbnail

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.