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Two-Week Price Inflation in Argentina hits 30%, US Products Lead the Way; Currency Devaluations Hit P&G Earnings

MishTalk

Due to devaluations in currencies like the Venezuelan bolivar, Argentine peso and Turkish lira, to name a few, the consumer product giant said that it is lowering its outlook for its full-year 2014 sales and earnings. bolivare-per-USD rate, thus the near-$300 million charge P&G now expects to incur on its third quarter balance sheet.

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ECB Waters Down 2014 Stress Tests Second Time; Yet Another Sham Stress Test

MishTalk

Listen to what Ignazio Angeloni, head of the ECB’s financial stability directorate says today: “ At first sight the 6 percent target looks manageable and less ambitious than what people might have expected. Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.

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Fed Openly Discusses "Permanently High Balance Sheet"; Lie Finally Admitted

MishTalk

Merits of Not Shrinking the Balloon When the Fed first launched QE, they stated they had the "tools" necessary to shrink their ballooning balance sheet. Once the Federal Reserve lifts interest rates from near zero, likely this week, the focus will turn to the other legacy of the crisis-era policies: the Fed's swollen balance sheet.

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Why Financial Statements Don’t Work for Digital Companies

Harvard Business

Similarly, Microsoft paid $26 billion for loss-making LinkedIn in 2016, and Facebook paid $19 billion for WhatsApp in 2014 when it had no revenues or profits. This becomes clear when you look at a company’s two most important financial statements: the balance sheet and the income statement.

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Repair Regulations: Limiting Business Deductions

Women in Consulting

These rules are effective January 1, 2014 and will affect over 4 million taxpayers. into office supplies, these items must now be put on the balance sheet and depreciated and tracked. The rule is limiting businesses to expense a purchase which is $200 or less and consumed within a year.

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How to Evaluate, Manage, and Strengthen Your Resilience

Harvard Business

Strewn about the table were probably the tools of your trade: reams of data, balance sheets and P&Ls. Managers understand that clear-eyed analysis — both quantitative and qualitative — is the key to building a resilient business. We can’t just print resilience the way countries print money.

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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

See More Videos > See More Videos > Tackle the balance sheet. “Take an interest in the balance sheet and then do the due diligence to understand it,” he says. Experiment with the numbers on your organization’s balance sheet by going through a series of “what if?”

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