Harvard Business

MAY 28, 2018

Nikon, the legendary Japanese camera maker, provides a textbook study in how smart managers can work with strategic investors to transform a struggling business. They had surged with the rise of digital camera only to peak in 2012, coming back down as smart phones became widely used. Heini Wehrle/BIA/Minden Pictures/Getty Images.

Company 101

Company Balance Sheet Cash Flow Interviews 101

MishTalk

DECEMBER 18, 2013

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 69

Banking Balance Sheet Finance Government 69

MishTalk

JUNE 30, 2013

After adjusting for seasonal factors, the HSBC Purchasing Managers’ Index™ (PMI™) – a composite indicator designed to provide a single-figure snapshot of operating conditions in the manufacturing economy – posted at 48.2 2012-11-03: Capital Account. 2012-10-10: Capital Account. Manufacturing PMI.

Analysis 70

Analysis Trends Real Estate Financial 70

MishTalk

JUNE 28, 2013

While these reforms may improve FHAs balance sheet over the long term, they would also reduce market liquidity, which in turn could cause home prices to fall. Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. 2012-11-03: Capital Account. 2012-04-15: Max Keiser.

Analysis 73

Analysis Trends Real Estate Case Interview 73

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

JANUARY 26, 2014

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.

Balance Sheet 78

Balance Sheet Banking Tourism Sports 78

MishTalk

JUNE 27, 2013

During the coming week I believe that a significant amount of Wealth Management Prodiucts (WMP) will mature, and because of asset/liability mismatched this WMP must be rolled over. The most important effect is likely to be on demand for wealth management products. 2012-11-03: Capital Account. 2012-10-10: Capital Account.

Analysis 68

Analysis Trends Real Estate Banking 68

Harvard Business

SEPTEMBER 25, 2014

No wonder, then, that executives have placed predictive analytics at the top of the executive agenda since 2012, according to a recent Accenture survey. Turning information exchange into value and revenue involves changing the nature of information relationships as well as management’s abilities to act on that information.

Company 71

Company Balance Sheet Enterprise Financial 71

MishTalk

DECEMBER 9, 2013

The two economic adjustment programmes for Greece from 2010 and 2012 as well as the sovereign debt restructuring from April 2012 and the debt buyback initiative in December of the same year have had a significant impact on the debt profile of Greece as a sovereign debtor. In essence, they bailed out banks and put taxpayers at risk.

Balance Sheet 76

Balance Sheet Financial Government Finance 76

Harvard Business

JULY 15, 2016

The company filed for bankruptcy protection in 2012, exited legacy businesses and sold off its patents before re-emerging as a sharply smaller company in 2013. Sasson himself told The New York Times that management’s response to his digital camera was “that’s cute – but don’t tell anyone about it.”

Film 70

Film Balance Sheet Chemicals Engineering 70

MishTalk

JULY 2, 2013

It’s very easy for a confident-sounding analyst, fund manager or professor to say something on TV that can throw off the best laid plans of investors. Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. 2012-11-03: Capital Account. 2012-10-10: Capital Account.

Trends 61

Trends Analysis Real Estate Financial 61

Harvard Business

MAY 9, 2018

Walter Thompson Company for $566 million in 1987 and Ogilvy for $864 million in 1989 — big acquisitions that stretched the company’s balance sheet. The management understood that doing three deals a year meant they had to do due diligence on 20 companies and submit five bids. So WPP acquired the ad agencies J.

Research 71

Research Balance Sheet Industry Sales 71

MishTalk

JULY 10, 2013

He pointed out that inflation had trended down since the beginning of 2012 and was now well below target. Participants also described their views regarding the appropriate path of the Federal Reserves balance sheet. Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.

Real Estate 56

Real Estate Financial Policies Case Interview 56

Harvard Business

JANUARY 24, 2017

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

Training 70

Training Training Banking Balance Sheet 70

MishTalk

DECEMBER 12, 2015

In 2012, Ally announced that it was going to shutter its mortgage business after the conclusion of ResCap’s bankruptcy proceedings. In May 2012, Ally executives said they planned to sell off $1.3 You can live in your car if you don't pay your mortgage," then-Ally CEO Michael Carpenter said in 2012.

Mercer 28

Mercer Balance Sheet Automotive Banking 28

MishTalk

DECEMBER 26, 2014

And yet most analysts have interpreted the former as implying that policymakers in China were especially capable, and so they assumed that the same high-quality economic management would ensure that the subsequent slowdown would be much less than expected. So far President Xi has followed the script for a successful transition fairly closely.

Banking 71

Banking System Benchmarking Finance 71

MishTalk

NOVEMBER 6, 2015

In response to Eurozone Target2 Imbalances Creeping Back Up , I received a nice email from Dr. Eric Dor, Director of Economic Studies at IESEG School of Management (Lille and Paris France) regarding the imbalances in Italy. Visit [link] to learn more about wealth management and capital preservation strategies of Sitka Pacific.

Balance Sheet 28

Balance Sheet Banking Government Financial 28

MishTalk

NOVEMBER 20, 2015

“My personal belief is the trucking industry needs to realize production of goods will have ups and downs,” Satish Jindel, principal of SJ Consulting , which closely tracks industry pricing, told Logistics Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Balance Sheet 28

Balance Sheet Banking Study Policies 28

MishTalk

OCTOBER 8, 2015

If China isn't going to expand its balance sheet anymore, that means it has to stop buying treasuries. When China stops expanding its balance sheet, that also means that the Chinese currency is going to appreciate, and China said it will allow that appreciation to happen. Now what does that mean?

Balance Sheet 28

Balance Sheet Telecommunications Video Banking 28

MishTalk

NOVEMBER 19, 2015

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.

Balance Sheet 28

Balance Sheet Marketing Finance Company 28

MishTalk

JANUARY 10, 2015

On June 22, 2012, I commented Laugh of the Day: Stress Tests Show Spanish Banks Only Need Between €16bn and €62bn in New Capital; ECB to Accept BBB- Rated Debt (One Step Above Junk) as Collateral. It reflects well on the new management that they have finally grasped the nettle and are taking steps to address the capital issue.”

Banking 28

Banking Balance Sheet Exercises Journal 28

MishTalk

FEBRUARY 22, 2015

Google took over in 2008, introducing its Chrome browser, which caught up with Firefox by 2012. A look at Mozilla''s balance sheet raises questions about its long-term prospects, especially as it tries to move aggressively into the mobile sector with its own Firefox OS. The fighting might have finally ended in 2014.

Balance Sheet 28

Balance Sheet Engineering Policies Marketing 28

MishTalk

NOVEMBER 24, 2015

With its balance sheet totalling nearly 1.6 While it’s still too early to tell if they will work, Draghi pledged during the height of Europe’s debt crisis in 2012 to do “whatever it takes” to save the area’s common currency, signaling the ECB’s willingness to be innovative.

Banking 28

Banking Benchmarking Balance Sheet Policies 28

MishTalk

APRIL 1, 2015

That is, until 2012: About $54 million from a tax-exempt bond helped cover a legal judgment awarded to African-Americans who were denied a chance to become firefighters by a 1990s entrance exam that favored white applicants. From 2003 to 2012, these projects have ranged from $54.2 It is not a balance sheet test, but a cash flow test.

Financial 28

Financial Engineering Finance Government 28

MishTalk

FEBRUARY 2, 2015

Possible explanations for this pattern include missed warning signals about the buildup of imbalances before the crisis, overestimation of the efficacy of monetary policy following a balance-sheet recession, and the natural tendency of forecasters to extrapolate from recent data. A study by Alessi, et al. What Will They Do About It?

Study 28

Study Balance Sheet Banking Construction 28

MishTalk

JANUARY 3, 2014

Had I suggested in 2007 that the Fed balance sheet expansion of $75 billion a month would have been considered "tightening" people would have thought I was nuts. The most important event for me in 2012, was the death of my wife Joanne, following 27 years of marriage. In 2012, I was also diagnosed with prostate cancer.

Conference 73

Conference Banking Government Balance Sheet 73