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Equity Research: Understanding the Role of Stock Analysts

Tom Spencer

This includes analyzing a company’s financial statements, such as its income statement, balance sheet, and cash flow statement. An equity researcher also conducts industry research to understand the broader economic and market conditions that may affect a company’s performance.

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James Grant Conference Video: Inflation Expectations, Growth, Policy Problems; Europe Has Become Japan

MishTalk

Here''s an interesting video from the recent James Grant Conference. The title of this year''s conference is Investing Opportunistically, Separating the Beta from the Alpha. From this perspective of the bond market, Europe has become Japan. The first five minutes are introductions and attendee notes you may wish to skip over.

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ECB Now a Hedge Fund; €1T Bazooka; ECB Promotes Euro Carry Trade; Draghi Has it Backwards

MishTalk

Please consider an ECB Press Conference Q&A (not available when I commented yesterday). Question: Mr Draghi, you said that the new measures and the TLTROs will have a sizeable impact on your balance sheet. An increase in the ECB''s balance sheet to that size would imply something on the order of one trillion euros.

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Debate Over Fed's Exit Strategy Continues: Bernanke vs. Dudley vs. Yellen

MishTalk

Yesterday, former fed chair Ben Bernanke said " No Need for Fed to Shrink Balance Sheet ". The Federal Reserve does not need to shrink its $4 trillion-plus balance sheet by even "a dime" for it to normalize monetary policy when the time comes, former Fed Chair Ben Bernanke said on Monday.

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"Whatever It Takes" Stage Two; Headwinds Explain Why Draghi Will Fail This Time

MishTalk

Having already cut interest rates to record lows and saying they can go no lower, Draghi is now focused on boosting the ECB’s balance sheet. We are quite confident that the impact on our balance sheet size will be adequate, will be significant, will be sizable,” Draghi said. trillion] more than the current level.

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10 Flaws with Mainstream Economics

Tom Spencer

The justification for the status quo is usually that “all models are wrong, but some are useful” While simplistic assumptions do make for easier math, and can help to predict market outcomes in stylised scenarios, the real world is both complex and dynamic. This may not be the same as maximising profits. Willingness to pay.

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Nothing Magical About 2% Inflation Target Says Bernanke

MishTalk

I don’t see anything magical about targeting 2 percent inflation ,” Bernanke told a conference in Washington sponsored by the International Monetary Fund. I don’t see anything magical about targeting 2 percent inflation,” he told a conference in Washington sponsored by the International Monetary Fund.