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.

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. 

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. 

Sunday, September 21, 2014

Are Those Ad$pender Numbers Right?

So you ran your search in Ad$pender - and got some results. Company X spent $1.3 million advertising its new product. Is that number accurate?

Well, yes, but here's a trick to put your mind at ease.

Go to Advertising RedBooks databases and USUALLY the company and the total spent will be there.

Go to ABI Inform and enter keywords like Company X and advertising budget, marketing, etc...Sooner or later you will find the ballpark number for the budget in a recent year.

Tuesday, September 16, 2014

Agricultural and Livestock Links

I've been searching on the USDA website, looking for agricultural, livestock and other commodity information. Here's what I found.

These are all .gov links:

Economic analyses of US farm output and trends. You must read this if you are involved in agricultural economics.

Search numbers by state and livestock/crop/commodity

2012 Census of Agriculture Report (The most recent one)

Friday, August 1, 2014

Finding Case Studies

The best databases for finding case studies are

ABI Inform

Limit under to case study under document type.  

Emerald (do not click on the tab marked "case studies," instead do a keyword search for "case studies" and whatever you are researching. Emerald is management oriented.)

Business Source Complete.(limit under publication type to case study)

Whatever database you use, I recommend you also do a keyword search for case studies and your topic.