MishTalk

NOVEMBER 27, 2013

Draghiz e: "The test is credible because the ultimate purpose of it is to restore or strengthen private sector confidence in the soundness of the banks, in the quality of their balance sheets" Mish : The test is credible because we say it is. French reluctance is justified by the enormous exposure with their banks in recent years.

Balance Sheet 64

Balance Sheet Exercises Banking Government 64

MishTalk

JULY 16, 2014

The Hoisington Investment Management, Second Quarter 2014 Review and Outlook makes the case " Treasury Bond Undervalued ". Projecting further into 2014, the evidence of a continual lackluster expansion is clear. range, arithmetic suggests that real GDP in 2014 will expand between 1.0% versus the average output level of 2013.

Balance Sheet 67

Balance Sheet Financial Analysis Policies 67

Harvard Business

MARCH 1, 2018

output comes from fracking operations that have cut costs dramatically since slumping prices in 2014 forced dozens of companies into bankruptcy. Most major producers with large balance sheets will likely hedge their bets and attempt both. The soaring U.S. These increasingly efficient survivors now represent half of U.S.

Cash Flow 128

Cash Flow Transportation Energy Balance Sheet 128

MishTalk

OCTOBER 21, 2014

Seidner commented that 100% of strategists were negative on bonds heading into 2014 but I can name a couple exceptions, notably Lacy Hunt at Van Hoisington. It is that money that has no counterpart on the balance sheet of a central bank indicating that it''s a liability. Grant concluded with the idea " Gold is the anti-debt.

Conference 68

Conference Video Policies Balance Sheet 68

Harvard Business

MAY 9, 2018

Sponsored by Accenture Strategy. Several companies we studied show the value of programmatic M&A strategies. Walter Thompson Company for $566 million in 1987 and Ogilvy for $864 million in 1989 — big acquisitions that stretched the company’s balance sheet. Insight Center. Competing in the Future.

Research 71

Research Balance Sheet Industry Sales 71

Harvard Business

OCTOBER 20, 2016

Furthermore, there will be new complexities in managing the balance sheet and navigating wider financing decisions; particularly as the “carry trade” (the strategy of borrowing at low interest rates in developed countries and investing in higher yielding emerging markets), becomes less attractive.

Balance Sheet 70

Balance Sheet Policies Banking Operations 70

MishTalk

DECEMBER 25, 2013

Heading into 2014, Michael Pettis at China Financial Markets remains adamant that growth estimates for China are too high and that rebalancing (while necessary), implies lower growth than most expect. I wish my readers a great 2014. It is clear that Beijing recognizes the problem of excess capacity. Stay tuned.

Balance Sheet 66

Balance Sheet Banking Policies Financial 66

Martinka Consulting

APRIL 19, 2016

Sales were down from 2014 and expenses were up. His balance sheet is a mess. Marketing strategies have to be tried and you have to realize they won’t all work. Last month a friend referred me to a business owner wanting to sell his company. But this is not the point of the story. Growing a business is not easy.

Balance Sheet 40

Balance Sheet Advertising Sales Banking 40

MishTalk

DECEMBER 26, 2013

They are happy for the financial sector to experiment with new products on- and off-balance sheet, allowing the system gently to displace state allocation of capital through decreed interest rates, loan quotas, loan-to-deposit ratios and specific credit restrictions.

Balance Sheet 64

Balance Sheet Marketing Banking Financial 64

MishTalk

APRIL 12, 2015

percent of assets at the end of 2014, well above required regulatory minimums. percent at the end of 2014. Thomas Hoenig on State of US Banks Let''s take a look at April 2 statements by Thomas Hoenig in the FDIC Release of Fourth Quarter 2014 Global Capital Index. Fed officials seem to think so. They should think again.

Banking 28

Banking Balance Sheet Insurance Insurance 28

MishTalk

DECEMBER 9, 2013

On Sunday lawmakers passed the 2014 budget without showing it to the IMF or the commission as demanded by EU rules. Visit [link] to learn more about wealth management and capital preservation strategies of Sitka Pacific.' Having lost access to the capital markets, the Greek government relied on the bailout funds to pay its bills.

Balance Sheet 76

Balance Sheet Financial Government Finance 76

MishTalk

DECEMBER 17, 2013

Banking union won’t be ready for the results of the ECB health check in November 2014. He notes that the ECB will end up as "supervisor" of 128 banks with an aggregate balance sheet "somewhere between €26 trillion and €27 trillion." How does this relate to the ECB-led bank health check? How big is the proposed bailout fund? €55

Banking 72

Banking Finance Balance Sheet Financial 72

MishTalk

NOVEMBER 6, 2015

Hello Mish Since August 2014 the target2 liabilities of the bank of Italia to the Eurosystem are again on an upward trend. billion since July 2014. It is therefore useful to examine the balance of payments of Italy to find out the exact cause of the recent surge of the Target2 liabilities of the Bank of Italia. Eric Dor Writes.

Balance Sheet 28

Balance Sheet Banking Government Financial 28

MishTalk

OCTOBER 8, 2015

China's Forex Reserves Note that China's Forex reserves are down about $500 billion from the 2014 peak. If China isn't going to expand its balance sheet anymore, that means it has to stop buying treasuries. That's what's going to happen in 2014. I did not understand in 2004, 2008, 2012, 2014, and I still don't know now.

Balance Sheet 28

Balance Sheet Telecommunications Video Banking 28

MishTalk

JUNE 9, 2015

Chart #2: Growing Payments While the current state of the city’s balance sheet is dismal, the real problem relates to what is expected to develop over the next decade. Chicago pension plan payments are expected to double from 2014 to 2015, and will then continue to rise for another decade before they begin to decline.

Balance Sheet 28

Balance Sheet Data Insurance Insurance 28

MishTalk

DECEMBER 26, 2014

The interest rate burden on Chinese businesses and state-related entities has certainly been much higher in 2014 than it was for most of this century. 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 71

Banking System Benchmarking Finance 71

MishTalk

JULY 10, 2013

percent for 2014, and 2.9 Participants also described their views regarding the appropriate path of the Federal Reserves balance sheet. Many other participants anticipated that it likely would be appropriate to continue purchases into 2014. percent at the end of 2014, and 5.8 The Outlook for Economic Activity.

Real Estate 57

Real Estate Financial Policies Case Interview 57

MishTalk

NOVEMBER 20, 2015

An updated study by Ahir and Loungani (2014) finds that the private-sector’s record of failure to predict recessions remained intact through 2008 and 2009. When the bubble bursts, the resulting debt overhang forces borrowers to repair their balance sheets via reduced spending or default. A study by Alessi, et al.

Balance Sheet 28

Balance Sheet Banking Study Policies 28

MishTalk

FEBRUARY 22, 2015

I did a search for the term "browser war" and discovered this December 19, 2014 ZDNet article: Did the browser wars finally end in 2014? The fighting might have finally ended in 2014. And in 2014, all those players seem to have dug in to well-entrenched positions. The strategy seems to be working. times higher.

Balance Sheet 28

Balance Sheet Engineering Policies Marketing 28

MishTalk

JANUARY 21, 2016

Speaking in a news conference, Mr. Draghi said the stimulus measures undertaken by the central bank since June 2014—and topped up most recently in December—had “strengthened the euro area’s resilience to recent, global economic shocks.” Visit [link] to learn more about wealth management and capital preservation strategies of Sitka Pacific.

Balance Sheet 28

Balance Sheet Conference Banking Journal 28

MishTalk

DECEMBER 12, 2015

Today, Ally has a pristine balance sheet and is focused on its strengths with its leading domestic automotive services and direct banking franchises.” Visit [link] to learn more about wealth management and capital preservation strategies of Sitka Pacific.

Mercer 28

Mercer Balance Sheet Automotive Banking 28

MishTalk

JANUARY 10, 2015

Draghize : "The test is credible because the ultimate purpose of it is to restore or strengthen private sector confidence in the soundness of the banks, in the quality of their balance sheets" Mish : The test is credible because we say it is. Stress Tests Announced On October 27, 2014 alleged stress tests were a glowing success.

Banking 28

Banking Balance Sheet Exercises Journal 28

MishTalk

NOVEMBER 19, 2015

Congratulations, you went ahead in 2014. equity strategist and the firm's portfolio strategy research team note that narrow market breadth, with just a handful of strong performers carrying the load for a slew of weaker performers, tends to favor high-quality stocks with strong balance sheets and lower volatility.

Balance Sheet 28

Balance Sheet Marketing Finance Company 28

MishTalk

NOVEMBER 24, 2015

With its balance sheet totalling nearly 1.6 Either way, it’s an unorthodox choice that has distorted financial markets and triggered warnings that the strategy could backfire. The ECB became the first major central bank to venture below zero in June 2014, and it now charges banks 0.2 percent to hold their cash overnight.

Banking 28

Banking Benchmarking Balance Sheet Policies 28

MishTalk

APRIL 6, 2015

Another significant shock is the nearly 15 percent appreciation of the exchange value of the dollar since mid-2014. Near-zero short-term interest rates and a larger Federal Reserve balance sheet were designed to be a temporary extraordinary treatment to help the economy regain its vitality, and not a permanent palliative.

Policies 28

Policies Balance Sheet Data Financial 28

MishTalk

APRIL 1, 2015

From 2010 to 2014, Chicago’s general obligation bond deals included over $235 million of capitalized interest, simply as a means for the city to avoid servicing its debt in the short term. Chicago used interest rate swaps on its 2003, 2005, 2007, and 2009 bond deals, apparently as part of a synthetic fixed rate strategy. (

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. This is a general statement.

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. Expect more on this in 2014. Will it happen in 2014? At long last, the Fed has finally started to taper. Here we are. It is a critical issue.

Conference 73

Conference Banking Government Balance Sheet 73