Tuesday, December 16, 2014

Brady Bonds

There are a few missing years of interest rates from many Latin American countries in the IMF database.  Ever wonder why?

The answer is many emergent economies - mostly Latin American but including some other regions as well - defaulted on their national debt in the early 1980s.  The remaining debt was reorganized, backed by U.S. treasury debt, and sold as a Brady Bonds, after the United States Treasury Secretary.

By the mid to late 1990s, most of the Brady bond debt was repurchased or repackaged so as not to damage investor confidence in these countries.

Recommended for anyone interested in an economic cycles or Latin America.

News articles:


Guide to Brady Bonds
Swapping Out Debt
Brady Bonds Fading
Brady Bonds Dying Out
Brazil Takes Step Away from Brady Bonds

Friday, December 5, 2014

The Hedge Fund That Also Made Cars

Porsche, The Hedge Fund That Also Made Cars

The luxury car manufacturer generated $13.5 BN in pre-tax profit, and sold a record 98,652 automobiles -- a staggering $136K profit per car sold. Even for a luxury brand, the numbers seemed nearly impossible. Upon closer inspection, $11.5 billion dollars of that profit wasn’t from selling cars -- it was from speculating on financial derivatives: Porsche was furtively amassing a sizable position in call options to buy up Volkswagen shares. As a report from the BBC put it, Porsche was “a hedge fund with a carmaker attached.”

In 2008, the car business was good, but the financial engineering business was even better.

Tuesday, November 25, 2014

Alfred Marshall, Early Theorist Of Economic Development


All Alfred Marshall books here. 

From Gale:


The English economist Alfred Marshall (1842-1924) was the founder of the "new economics." He rejected the traditional definition of economics as the "science of wealth" to establish a discipline concerned with social welfare.

In 1890 Marshall's Principles of Economics was welcomed enthusiastically by economists and a popular audience as a revolutionary work in economics.

The content and method of Marshall's economics were largely original, but his basic assumptions were derived from the 19th-century belief that social reform depended initially upon the reform of character. He never doubted that every man sought his own, or at least his children's, best interest; that "work" purified human nature, stimulating personal and social progress; or that capitalism would be inherently progressive if it was made more efficient.

Friday, November 7, 2014

Impact Factor 2: Journals Ranked By Field


In an earlier post we talked about how to get the impact factor of individual journals.  Here’s how you find out the most influential journals by field.  Once you get into this section of citation analysis, you’ll intuitively see how to rank by most influential authors, institutions, conference proceedings and so on.  Have fun.

Go to an ISI Citation Analysis database (different ones for different disciplines). Choose Journal Citation Reports at the top.


Thursday, October 30, 2014

Foreign Country Laws Regarding Business


Researching business law can be tricky.  I recommend that you begin with article that summarizes business law on a foreign country in regards to a certain issue: labor laws, the environment, etc 

Go to these databases:
Emerald  (very useful for laws governing labor)
Lexis Nexis (search either foreign news sources or legal journals)
Academic Search Complete 

You will get material that summarizes how the law is actually applied and what matters. THEN you can look up actual laws here. 

Friday, October 24, 2014

Getting Industry Reports Video Tutorial

Made a video about getting industry reports! The best dbases are Passport GMID.and Marketline Advantage.


Wednesday, October 15, 2014

Public Speaking/Presentation Books

List of public speaking and presentation books

Here's some books that cover how to be an effective public speaker and how to do successful business presentations. Learn speaking styles, visual aids, eye contact, and  many more ideas!

Wednesday, October 1, 2014

Thursday, September 25, 2014

Yahoo Finance Gets Political and Touts Yahoo Stock

I've noticed a major change at Yahoo Finance recently. Very hard-edged political articles (a big no-no for good investing) and articles that, well, appear to push the boundaries of conflict of interest. See this here (picture below). 

Food for thought.