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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. Management Consulting. Helpful Links.

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Would a Bund by any other name smell as sweet?

Tom Spencer

Definitions. ON WEDNESDAY November 23rd, an auction of German government bonds (known as “Bunds”) managed to sell only €3.6 Thirdly, European banks are currently focused on building their balance sheets not on lending. Management Consulting. Helpful Links. Would a Bund by any other name smell as sweet?

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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. In the same way that banks must constantly balance assets and liabilities, data-laden firms need to move from cyber-defense and fire-fighting toward more proactive management of what could prove to be their most important asset.

Data 70
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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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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.

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Spotlight on European Bank Lending: Capital Impairment to the Forefront

MishTalk

More Questions Any banks fudging the definition of a performing loan? What about mark-to-market valuations of loans and assets on the balance sheets of banks? Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.

Banking 58
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Another Definition of Deflation: Antal Fekete Defines Deflation as a "Pathological Slowing in the Velocity of Money"

MishTalk

The simple definition V = GDP/M where V is velocity, M is money supply, and GDP is Gross Domestic Product. I prefer the definition of deflation as a pathological slowing in the velocity of money. However, I disagree with his definition of deflation based on velocity. It''s simply a truism based on Fekete''s definition.

Banking 28