Tom Spencer

AUGUST 25, 2018

The story of the 2008 financial crisis begins somewhere shortly after the death of Jesus Christ himself. Not 33 years after Christ’s passing did Emperor Tiberius of the Roman Empire have to rescue his constituents’ financial sanctity through the age-old process of quantitative easing. This same tale has repeated time and time again.

Financial 60

Financial Balance Sheet Banking Policies 60

Tom Spencer

NOVEMBER 25, 2011

Germany is one of the most financially stable countries in the Euro-zone, so its failure to sell all of its Bunds is worth examining. Thirdly, European banks are currently focused on building their balance sheets not on lending. While Bunds may still smell sweet, weak financial markets in Europe are a cause for concern.

Balance Sheet 89

Balance Sheet Banking Financial Case Interview 89

Tom Spencer

MAY 2, 2020

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.

Balance Sheet 88

Balance Sheet Government System Finance 88

Consultant Ninja

MARCH 31, 2009

Heres my understanding of the current TARP/TARPII/PPIP/etc plans: The major "sick" banks wont lend to businesses, because their balance sheets are tied up with bad assets that they cant sell. A Simple Question about the Credit Markets. The government will buy those assets, freeing up the major banks to loan again to businesses.

Balance Sheet 100

Balance Sheet Marketing Banking Consulting 100

Tom Spencer

OCTOBER 13, 2023

A higher ratio of fee income implies less traditional credit risk and less balance sheet usage (therefore higher ROE) but also implies greater market risk related to securities portfolios and potentially higher revenue volatility related to volatility in capital markets.

Metrics 88

Metrics Banking Balance Sheet Efficiency 88

Tom Spencer

NOVEMBER 17, 2018

My friends and I walked out of the Big Short several years ago feeling like a group of global financial crisis experts. Many an economics and finance course later, I see that the layers of complexities to the 2008 financial crisis are innumerable. MBS are financial assets with a claim on a pool of mortgages.

Financial 60

Financial Banking Balance Sheet Cash Flow 60

Tom Spencer

NOVEMBER 27, 2011

European leaders are now using the same brand of financial wizardry which created the global financial crisis in the first place. Characterising the writedown of Greek debt as “private sector involvement” is more of the same financial manipulation, but it is also shrewd politics. Leave a Comment Now. Leave a Comment.

Balance Sheet 89

Balance Sheet Consulting Case Interview Financial 89

MishTalk

MARCH 28, 2014

reader Dave, a friend, noted that as the Fed jacked up its balance sheet, velocity has mirrored the curve to the downside. Privatize the Gains, Socialize the Losses Last time, Tim Geithner preached to Congress that financial Armageddon was right around the corner if Congress failed to pass a resuce package.

Banking 75

Banking Balance Sheet System Financial 75

MishTalk

AUGUST 6, 2013

China Financial Markets. Financial Sense. Reader Question: Does the Fed Balance Sheet Properly Reflect QE Announcements? The feds balance sheet doesnt reflect it. The balance sheet was up $720 billion from Aug 1, 2012 to Aug 1, 2013 ($309B in treasuries and $393B in MBS) but that is only $60B per month.

Balance Sheet 64

Balance Sheet Analysis Trends Real Estate 64

MishTalk

SEPTEMBER 30, 2014

On September 4, ECB President pulled out a financial bazooka including a pledge to build up the ECB''s balance sheet by another €1 trillion. In this case, the stench on Greek bank balance sheets will not go away. Instead, stench will also appear on the balance sheet of the ECB.

Balance Sheet 75

Balance Sheet Real Estate Banking Policies 75

MishTalk

JUNE 30, 2016

Deutsche Bank shares have collapsed to lows deep under crisis lows and collapse of Lehman in the Great Financial Crisis. … Continue reading →

Balance Sheet 44

Balance Sheet Banking Financial 44

Harvard Business

MARCH 14, 2017

Loyalty programs have proliferated across travel, retail, financial services, and other economic sectors. First, blockchain could help relieve a large balance-sheet liability that many in the industry are facing. The average U.S. Early adopters could benefit considerably.

Travel 134

Travel Balance Sheet Hotels Airlines 134

MishTalk

MARCH 19, 2014

Adair Turner, former Chairman of the United Kingdom’s Financial Services Authority, and current member of the UK’s Financial Policy Committee and the House of Lords proposes a need to Rethink the Monetization Taboo. The Fed’s tapering merely slows the growth of its balance sheet.

Balance Sheet 67

Balance Sheet Banking Government Policies 67

Markovitz Consulting

MAY 19, 2021

As with individuals, there will be disagreement over metrics, but clearly we have to consider financial performance, internal stakeholders (employees), and external stakeholders (community). It’s a lot more than a healthy balance sheet, although that’s certainly a necessary—but not sufficient—precondition.

Company 124

Company Balance Sheet Metrics Engineering 124

MishTalk

DECEMBER 14, 2015

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.

Balance Sheet 28

Balance Sheet Banking Tools Policies 28

MishTalk

JANUARY 26, 2016

Fed Balance Sheet vs. S&P 500 I was playing around with some ideas on the St Louis Fed "Fred" database and came up with this. Mike "Mish" Shedlock Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.

Balance Sheet 28

Balance Sheet Engineering Financial Management 28

Harvard Business

MARCH 31, 2017

How can you boost your financial acumen? ” Joe Knight, a partner and senior consultant at the Business Literacy Institute and the coauthor of Financial Intelligence , says that an absence of financial savvy is “career-limiting.” Here are some strategies to improve your financial intelligence.

Finance 70

Finance Balance Sheet How To Metrics 70

MishTalk

NOVEMBER 20, 2013

Banks; Global Financial System is Bankrupt. The effects of a system that ''encourages excessive financial leverage''. trillion balance sheet is leveraged nearly 49-to-1. As a group, these three banks have some €4 trillion in assets on their balance sheets, supported by €129.3 By contrast, J.P. Paris, France.

Balance Sheet 78

Balance Sheet Banking Financial Finance 78

MishTalk

SEPTEMBER 4, 2014

Draghi Has it Backwards A director at a global financial company with offices worldwide pinged me in response to my post ECB''s €40bn Stimulus Gamble: ECB Pulls Out Bazooka, Cuts Rates, Buys Assets; Will this Stimulate Lending? An increase in the ECB''s balance sheet to that size would imply something on the order of one trillion euros.

Balance Sheet 76

Balance Sheet Real Estate Banking Operations 76

Harvard Business

OCTOBER 31, 2017

Many other financial firms including AIG, Fannie Mae, and Freddie Mac needed bail outs. It may feel as though the financial system hasn’t changed much in the decade since the downturn, but it has. Most of the regulation was meant to safeguard the financial system, and the taxpayers who had to bail it out, from another crisis.

Banking 71

Banking Balance Sheet Financial Finance 71

Tom Spencer

SEPTEMBER 19, 2020

During the dotcom bubble, the financial crisis, and the real estate bubble, what did consulting firms do? If the firms don’t have a strong balance sheet, if they foresee a potential cash flow problem, or if they have clients in particularly hard hit industries, I’d be concerned. Three prior downturns, what can we learn?

Consulting 103

Consulting Balance Sheet Cash Flow Real Estate 103

Tom Spencer

APRIL 21, 2023

Understanding Equity Research The role of an equity researcher is to analyze financial data, industry trends, and other information to create detailed reports on specific companies or sectors. One of the key responsibilities of an equity researcher is to conduct financial analysis.

Research 88

Research Balance Sheet Cash Flow Analysis 88

Harvard Business

MAY 1, 2017

The global financial crisis prompted many companies to pull in their horns, hoard cash, trim costs, and take a wary view of large investments. Bain & Company’s Macro Trends Group carefully analyzed the global balance sheet and found that the world is awash in money. times global GDP) to more than $600 trillion (9.5

Cash Flow 134

Cash Flow Financial Balance Sheet Bain 134

Women in Consulting

FEBRUARY 20, 2014

into office supplies, these items must now be put on the balance sheet and depreciated and tracked. There are two exceptions to the $200 limit: If the taxpayer has audited financial statements or filing statements with the SEC, they can have a limit of $5000. Instead of lumping items like cheap printers, phones, routers, etc.

Balance Sheet 82

Balance Sheet Guidelines Policies Small Business 82

MishTalk

NOVEMBER 6, 2014

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.

Balance Sheet 69

Balance Sheet Banking Government Policies 69

MishTalk

MAY 20, 2014

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.

Balance Sheet 59

Balance Sheet Strategy Strategy Strategy& 59

MishTalk

DECEMBER 23, 2013

An exceptional bid by China’s central bank to curb soaring interest rates and relieve pressure on the financial system appeared to have come up short on Monday, as Chinese money market rates shrugged off the measure and continued to approach the crisis levels seen in June.

Balance Sheet 76

Balance Sheet Banking Benchmarking Financial 76

Tom Spencer

AUGUST 12, 2017

Bills come in, sales go out, you have your day-to-day goals and you watch the curvy line of profit and loss make its inexorable progress throughout the financial year. You have your big one-year and … Continue reading "What a Business Financial Statement Can Tell You About the Health of Your Business".

Financial 60

Financial Small Business Sales Cash Flow 60

MishTalk

OCTOBER 26, 2014

48 Billion Shortfall The Financial Times reports ECB Says Banks Overvalued Assets by €48bn. The results of the ECB’s examination of balance sheets worth €22tn, known as the Asset Quality Review, will require the 130 lenders who took part in the exercise to adjust the value of their assets in their accounts or prudential requirements.

Balance Sheet 75

Balance Sheet Banking Exercises Report 75

Harvard Business

MARCH 8, 2017

More and more companies are embracing the idea that they might have a purpose that goes beyond their balance sheet, one that makes the world a better place in some way. ” Perhaps the never-ending spreadsheet you’re building will result in better financial decisions by your board.

Balance Sheet 134

Balance Sheet Survey Meeting Study 134

MishTalk

JULY 11, 2014

Financial fluctuations (“financial cycles”) that can end in banking crises such as the recent one last much longer than business cycles. Yet financial cycles can go largely undetected. Yet financial cycles can go largely undetected. Historical evidence shows that this rarely happens following a balance sheet recession.

Balance Sheet 73

Balance Sheet Financial Banking Policies 73

Tom Spencer

OCTOBER 6, 2023

It reflects the bank’s assessment of potential losses it may incur and its commitment to maintaining a strong balance sheet. Monitoring capital adequacy ratios and capital levels is important to assess a bank’s ability to absorb losses and operate in a financially sound manner. Common Equity Tier 1 (CET1) ratio).

Banking 88

Banking Balance Sheet Operations Financial 88

MishTalk

JUNE 26, 2013

China Financial Markets. Financial Sense. The Financial Times reports ECB exit from easing remains far off, Draghi says. Bernanke says the US economy is solid enough that the Fed can begin tapering its balance sheet purchases later this year. Top Financial Blog Citations. Burning Platform. Calculated Risk.

Balance Sheet 66

Balance Sheet Real Estate Financial Case Interview 66

Harvard Business

JULY 12, 2017

And yet trust in business institutions, and the financial services sector in particular, is at an all-time low. It breeds indifference, which in turn breeds a yawning gap between underwriters, whose balance sheets absorb risk (the risk takers), and customers, whose enterprises create risks (the risk makers).

Insurance 133

Insurance Insurance Industry Balance Sheet 133

MishTalk

JANUARY 16, 2014

Ignazio Angeloni, who is head of the ECB’s financial stability directorate, said in Frankfurt “ We’ve got a feasible but safe capital cushion of 8 percent. What looked like was going to be a strict stance of the European Central Bank (ECB) regarding sovereign debt portfolios of financial institutions, is not so.

Balance Sheet 73

Balance Sheet Banking Exercises Financial 73

MishTalk

DECEMBER 24, 2013

Wolf Richter at the Testosterone Pit commented on Gagging Doubt: French Crackdown On French And American Bloggers Who Question Megabank Balance Sheets The France''s Financial Markets Authority (AMF) announced on Nov. And the AFM is the only institution with the legal powers to check if SocGen’s financial statements are correct.

Balance Sheet 74

Balance Sheet Banking Financial Journal 74

Harvard Business

SEPTEMBER 25, 2017

It has been 10 years since the global financial crisis, and the fall-out continues in the industry that was at its epicenter: banking. China’s four largest banks have quadrupled the share of foreign assets on their balance sheets since 2007 to $1 trillion—that make gives them larger foreign portfolios than German or Italian banks.

Banking 71

Banking Balance Sheet McKinsey Finance 71