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

Harvard Business

FEBRUARY 26, 2018

In the 2016 book The End of Accounting , NYU Stern Professor Baruch Lev claimed that over the last 100 years or so, financial reports have become less useful in capital market decisions. This becomes clear when you look at a company’s two most important financial statements: the balance sheet and the income statement.

Financial 71

Financial Balance Sheet Company Report 71

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. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. In response to Will Prices Rise Significantly When Velocity of Money Picks Up?

Banking 73

Banking Balance Sheet System Financial 73

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

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 72

Balance Sheet Real Estate Banking Policies 72

MishTalk

SEPTEMBER 4, 2014

Question: Mr Draghi, you said that the new measures and the TLTROs will have a sizeable impact on your balance sheet. So all this makes a precise estimate of the impact that these transactions will have on our balance sheet very complicated, especially at the stage when none of these operations have as yet been undertaken.

Balance Sheet 72

Balance Sheet Real Estate Banking Operations 72

Tom Spencer

SEPTEMBER 19, 2020

The travel and hospitality industries have been decimated, stock markets around the world have tanked, and governments struggle to combat this devil on so many fronts. 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.

Consulting 103

Consulting Balance Sheet Cash Flow Real Estate 103

MishTalk

FEBRUARY 16, 2014

Retail investors aren’t the only ones suffering from the woes of the emerging markets: Procter & Gamble PG +2.06% is feeling the pain of foreign currencies, too. bolivare-per-USD rate, thus the near-$300 million charge P&G now expects to incur on its third quarter balance sheet. certain P&G products — are exchanged.

Balance Sheet 76

Balance Sheet Productivity Sales Policies 76

MishTalk

AUGUST 8, 2013

In Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation? I posted an interesting chart by reader Tim Wallace of the stock market vs. Fed asset holding (repeated below for convenience). Fed Balance Sheet vs. Stock Market. What about foreign central bank assets, especially China and Japan?

Balance Sheet 71

Balance Sheet Banking Marketing Report 71

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. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Balance Sheet 28

Balance Sheet Engineering Financial Management 28

MishTalk

OCTOBER 6, 2015

Reader Gary emailed a link to JP Morgan's Quarterly Market Guide. Central Bank Policy Rates Current Rates Bank of England: 0.50% Bank of Japan: 0.10% Fed: 0.00%-0.25% (currently 0.14%) ECB: 0.05% Central Bank Balance Sheets Three Questions Other than asset bubbles, what do we have to show for this?

Balance Sheet 28

Balance Sheet Banking Policies Marketing 28

MishTalk

DECEMBER 9, 2014

Covered bond supply has reached its lowest level in nearly two decades as the European Central Bank has been accused of crowding out investors from the market by pushing up prices and depressing yields. This is in spite of an ECB programme announced in September aiming to stimulate the market. The ECB is crowding out investors.

Marketing 59

Marketing Balance Sheet Banking Policies 59

MishTalk

AUGUST 6, 2013

Minyanville Business and Market News. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Reader Question: Does the Fed Balance Sheet Properly Reflect QE Announcements? Feds Balance Sheet.

Balance Sheet 57

Balance Sheet Analysis Trends Real Estate 57

Harvard Business

MARCH 30, 2017

In it, the authors, both sociologists, made a compelling argument that, to understand labor market outcomes like inequality, it wasn’t enough to look at the supply and demand for individuals’ skills. However, any discussion of firms and wage inequality must not be limited to discussion of market forces. Related Video.

Marketing 70

Marketing Balance Sheet System Training 70

MishTalk

MARCH 19, 2014

The Fed’s tapering merely slows the growth of its balance sheet. The rarely admitted truth, however, is that there is no need for central banks’ balance sheets to shrink. They could stay permanently larger; and, for some countries, permanently bigger central-bank balance sheets will help reduce public-debt burdens.

Balance Sheet 59

Balance Sheet Banking Government Policies 59

Harvard Business

OCTOBER 31, 2017

The market panicked. That strengthened investment banks’ balance sheets by forcing them to scale back and to change the nature of the risks they take. Those declines reflect changes in strategies and the basic business model of investment banks, post-crisis. HBR Staff/CSA Plastock/Getty Images.

Banking 71

Banking Balance Sheet Financial Finance 71

Harvard Business

NOVEMBER 22, 2016

In the past, marketers have struggled to deliver the higher response rates they need from existing customers — a smaller group than potential new customers. Digital channels now allow companies to fine-tune marketing messages based on observed behavior. Take a balance-sheet view.

Balance Sheet 70

Balance Sheet Insurance Insurance Data 70

MishTalk

OCTOBER 26, 2014

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. The 130 banks account for 81.6 per cent of all eurozone assets.

Balance Sheet 72

Balance Sheet Banking Exercises Report 72

MishTalk

OCTOBER 8, 2015

Current Liabilities Cash Much Smaller Than You Think I don't often dive into balance sheets, but did so after reading a Market-Watch opinion by Brett Arends. billion in “off-balance-sheet” liabilities. If “off-balance-sheet” is not included in my totals, then subtract another $31.5 billion and $137.1

Balance Sheet 28

Balance Sheet Report Exercises Analysis 28

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 73

Balance Sheet Banking Benchmarking Financial 73

MishTalk

NOVEMBER 20, 2013

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 Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. By contrast, J.P.

Balance Sheet 78

Balance Sheet Banking Financial Finance 78

Harvard Business

NOVEMBER 25, 2016

As the electric power industry shifts from a model where individual local utilities have a monopoly on electricity provision in a region to a much more dynamic market, these prosumers will be able to make and sell a variety of obscure new products and services like frequency regulation. California, Texas, and most of the U.S.

Energy 70

Energy Balance Sheet Efficiency Software 70

MishTalk

DECEMBER 4, 2013

These securities are sold in order to add liquidity to the mortgage market, thereby making funds available to borrowers. "If If Fannie and Freddie go away, what then happens to the mortgage markets?" In essence, we should return lending to the free market. And we won''t have fixed-rate mortgages." I too support the idea.

Government 69

Government Balance Sheet Real Estate Banking 69

Harvard Business

MAY 28, 2018

He asked one former major investor for a reaction to the company’s prediction (accompanying poor quarterly results): “that the [current] market contraction will bottom out soon and our profits will improve.” ” The company took note and duly committed to reducing costs at a rate exceeding market contraction.

Company 102

Company Balance Sheet Cash Flow Interviews 102

Tom Spencer

APRIL 17, 2014

This is not necessarily a problem if the decline was expected because a business is sustained from cashflow, not profit, and long term growth can be pursued through capital appreciation, which shows up on the balance sheet and not on the profit and loss statement. Shrinking market size. Falling Prices. Increased competition.

Sales 104

Sales Balance Sheet Examples Productivity 104

MishTalk

MARCH 24, 2014

I have to admit (time and time again actually), that this market has gone further, faster, than I thought possible. Over Next Seven Years, Market Will have Negative Returns" I strongly encourage you to read an interview of Jeremy Grantham, by Stephen Gandel, senior editor of Fortune : The Fed is Killing the Recovery. Grantham : No.

Marketing 61

Marketing Balance Sheet Interviews Benchmarking 61

Harvard Business

JUNE 11, 2018

On the flip side, a strategic transaction can catapult a company into first-mover position, give a speed to market advantage over rivals, and potentially let a larger company run away with a new market. Sponsored by Accenture Strategy. Insight Center. Competing in the Future. How to make your company more nimble and responsive.

Intellectual Property 93

Intellectual Property How To Balance Sheet Emotional Intelligence 93

Tom Spencer

OCTOBER 6, 2023

Firstly, by outlining the major items on a bank’s income statement, and then by discussing key ratios that are commonly used to measure profitability and to estimate the market value for banks. It reflects the bank’s assessment of potential losses it may incur and its commitment to maintaining a strong balance sheet.

Banking 88

Banking Balance Sheet Operations Financial 88

Tom Spencer

JULY 7, 2023

I was assigned to a typical strategy engagement – should client X selling product Y increase sales in market Z? We repeated our request a week later, but they only provided a balance sheet from the previous year. His advice was specific to consulting, but applicable to other areas of business too.

Data 78

Data Consulting Balance Sheet Analysis 78

MishTalk

JANUARY 26, 2014

In Emerging Market Contagion Spreads , I presented a viewpoint that emerging market currencies have been under pressure because of falling commodity prices. To be fair, quite a few emerging market currencies as well as the currencies of developed countries that are large commodity exporters have been under pressure for some time.

Balance Sheet 78

Balance Sheet Banking Tourism Sports 78

MishTalk

AUGUST 22, 2013

From 1997-2000 the Fed ignored a major bubble in the stock market. He conveniently ignores the fact he was on the Fed in the Greenspan years, that he presided over the biggest property bubble in history, and he also ignores the stock market bubble we are in now. Inflation Benefit 3 (?): "Balance sheet recession" might go away!

Balance Sheet 66

Balance Sheet Real Estate Banking Government 66

Harvard Business

JULY 14, 2017

A platform connects providers and users in a multisided market. A platform can be a business platform (a multisided market), a software platform (a cloud-based subscription service), or an engagement platform, (a user-generated community). For most companies intellectual property is something that sits on their balance sheet.

Intellectual Property 71

Intellectual Property Strategy& Strategy Strategy 71

MishTalk

DECEMBER 26, 2013

China''s Move to Market-Set Rates Let''s step back to December 8 and look at China Relaxes Grip on Interest Rates China is relaxing its grip on interest rates with the launch of a financial instrument that allows banks to trade deposits with each other at market-determined prices. China’s credit boom is still in full swing.

Balance Sheet 55

Balance Sheet Marketing Banking Financial 55

MishTalk

JULY 30, 2014

That’s because it shifts some pollution — and the burden for cleaning it — onto another other country’s balance sheet. Obama pretties up his own climate balance, but it doesn’t help the global climate at all if Obama’s carbon dioxide is coming out of chimneys in Germany.” So, too, are the prices on the carbon market in Europe.

Balance Sheet 64

Balance Sheet Enterprise Energy Banking 64

Tom Spencer

OCTOBER 26, 2019

Many consulting, corporate strategy, and corporate development roles require the interviewee to go through an M&A case study. Depending on the firm and specific role this case could be very strategic and operational like doing a market entry/growth-type case or very technical (i.e. Conclusion.

Balance Sheet 60

Balance Sheet Case Interview Case Study Case Studies 60

MishTalk

JUNE 26, 2013

Minyanville Business and Market News. Balanced Budget Ammendment Sign the Balanced Budget Petition. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Draghi Announces ECB Exit From Easing Remains Far Off; Think the Fed Has an Exit Strategy? Sitka Pacific. Recent Posts.

Balance Sheet 58

Balance Sheet Real Estate Financial Case Interview 58

MishTalk

JANUARY 16, 2014

But now ECB president Mario Draghi, says debt that banks hold to maturity will not have to be set at market value or penalized. The ECB will not force European banks to adjust to market value of sovereign debt portfolios that are classified as held to maturity.

Balance Sheet 68

Balance Sheet Banking Exercises Financial 68