2013 Balance Sheet Finance 
Tom Spencer
NOVEMBER 27, 2011
Over the last few decades, countless risky financial products were sold to investors using harmless sounding terms like “credit default swap”, “mortgage backed security”, “special purpose vehicle” and “off-balance sheet financing”. Copyright © 2013 Tom Spencer. Categories. Select Category. Business Frameworks.
MishTalk
DECEMBER 4, 2013
Finance reports Government About to Destroy American Mortgages Permanently. trillion in mortgage-backed securities in the United States so far in 2013. The answer to that question is that we no longer have things like 20-year and 30-year mortgages because banks are not going to put that type of mortgage on their balance sheets.
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MishTalk
DECEMBER 18, 2013
The figures follow a deal agreed by European regulators earlier this month that will bring in so-called bail-in rules for senior bondholders from 2016, two years earlier than envisaged by finance ministers in their common position agreed in June. Now that we know what subordinated debt is, it''s easy to understand the increase in issuance.
MishTalk
JULY 11, 2014
Gross issuance in the high-yield bond market alone soared to $90 billion per quarter in 2013 from a pre-crisis quarterly average of $30 billion. In the syndicated loan market, for instance, credit granted to lower-rated leveraged borrowers (leveraged loans) exceeded 40% of new signings for much of 2013.
MishTalk
DECEMBER 9, 2013
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.
MishTalk
DECEMBER 26, 2013
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. But it is hard not to conclude that the authorities remain conflicted. These are the big issues, hinted at by the current hiatus in China’s money markets.
MishTalk
JANUARY 28, 2014
"Industrial and Commercial Bank of China, the world''s largest bank by assets, said on Thursday that it has no plans to use its own money to repay investors in a troubled off-balance-sheet investment product that it helped to market." Investors should have taken a hit. Certainly the promised 10% yield was too good to be true.
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