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Greek default in all but name - Tom Spencer consulting blog

Tom Spencer

Definitions. In your author’s opinion, the writedown of Greek debt falls clearly within the S&P definition of sovereign default. Undeterred however by rating agency definitions, European leaders have characterised the writedown as a voluntary “ private-sector involvement ” or PSI. Helpful Links. in Economics.

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Rising COVID cases, falling economy

Tom Spencer

Since the start of February this year, the Fed has expanded its balance sheet by more than $2.4 To put that in context, the Fed was created in 1913, and its total balance sheet assets only reached $2.4 trillion in assets, but only 2 months to achieve the same amount of balance sheet expansion this year.

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Would a Bund by any other name smell as sweet?

Tom Spencer

Definitions. Thirdly, European banks are currently focused on building their balance sheets not on lending. Dexia has around $700 billion on its balance sheet, but like many banks it requires access to short term funding. Helpful Links. Would a Bund by any other name smell as sweet? in Economics.

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Do You Know What Your Company’s Data Is Worth?

Harvard Business

Definitions for what constitutes EvD, and methodologies to calculate its value, remain in their infancy. To analyze EvD, determining the relative importance of data to an enterprise’s balance sheet, its ability to effectively compete, and its operational capabilities is a good place to start.

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6 Reasons Inflation is Higher than You Think

Tom Spencer

The definition of inflation has changed. The generally accepted definition of inflation has changed over time. The changed definition of inflation has allowed the man on the street to remain blissfully unaware of inflation even as the value of the US currency has continued to plummet. The bottom line.

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

MishTalk

Strict Rules Revisited With a hat tip to ZeroHedge , let''s flash back to an October 23 Bloomberg report: ECB Capital Definition Tougher in Stress Test Than Review The European Central Bank said it will use stricter rules when stress testing banks’ balance sheets next year than it will to study their assets, as it seeks to prove its credentials as (..)

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War Between Spain and Germany Erupts Over Next Round of Watered Down Stress Tests; Germany Complains About the "Carry Trade"

MishTalk

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. Spanish officials claim it makes no sense to penalize these asset as if they were bad loans.