Sentences with phrase «financing those asset prices»

Or, are they caused by Debt / GDP levels being too high, such that asset values get pushed significantly above their market clearing levels, and incremental new debt is not capable of financing those asset prices anymore?

Not exact matches

Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.

We don't want to fan debt - financed appreciation in the price of a major asset because when the escalation reverses, it can trigger a self - feeding spiral of debt defaults.

Atlas Iron has launched an extensive review of its operations, finances and possible asset sale opportunities in response to steep falls in the iron ore price.

«I define a bubble as something where assets have prices that can not be justified with any reasonable assumption,» says Jay Ritter, a professor of finance at the University of Florida's Warrington College of Business Administration who studies valuation and IPOs.

After all, when a central bank influences the cost of financing through changes in the policy interest rate, its actions affect the economy by changing asset prices, encouraging or discouraging risk taking, and influencing credit flows.

And in the political sphere, finance has become the great defender of deregulating monopolies and «freeing» land rent and asset - price gains from taxation, translating its economic power and campaign contributions into the political power to capture control of public financial regulation.

The more credit creation takes the form of inflating asset prices — rather than financing purchases of goods and services or direct investment employing labor — the more deflationary its effects are on the «real» economy of production and consumption.

The usual priority is to finance short - term asset - price gains — that is, to inflate bubbles.

Perception of the debt - overhead problem is concealed by the characteristic feature of today's finance capitalism: an asset - price inflation of property markets, that is, rising land and stock market prices.

In those areas that we have mapped, it typically takes us a few hours to go from a mechanism - inspired idea for treating a disease to knowing the companies that might have relevant clinical and preclinical assets to license, the companies from whom a candidate could be commissioned, trial designs and endpoints, competing and complementary agents, current and future standard of care, market size, comparable pricing, financing strategy, and potential acquirers, all meant to enable a thoughtful first - pass assessment of whether an idea could be worth a much deeper assessment.

Meanwhile, the Bank for International Settlements (BIS) expressed concern about the next recession, stating that «recessions triggered by financial crises are typically preceded by sustained episodes of bubbly asset prices and debt - financed spending booms.»

Behavioral finance experts would say that the increase in asset prices can feed on investor optimism even if it's not fully supported by fundamentals.

Then these ideas from economics drifted into corporate finance, and they got the capital asset pricing model - also pure drivel.

If the prediction pans out, it could do serious damage to new - car pricing, the automobile finance sector and the asset - backed securities market, Morgan Stanley's Adam Jones said in a note Tuesday...

In finance, a pump and dump is a form of fraud that involves artificially inflating the price of an asset through misleading sentiment in order to sell it at a higher price in the near future.

Most recently, though, on January 7, 2017, in a speech at the American Finance Association, you seemed to step out of that centrally casted character, almost coming across as an iron fist in a velvet glove: «The bottom line is that there has not been an excessive buildup of leverage, maturity transformation, or broadly unsustainable asset prices... Overall, I do not see leveraged finance markets as posing undue financial stabilityFinance Association, you seemed to step out of that centrally casted character, almost coming across as an iron fist in a velvet glove: «The bottom line is that there has not been an excessive buildup of leverage, maturity transformation, or broadly unsustainable asset prices... Overall, I do not see leveraged finance markets as posing undue financial stabilityfinance markets as posing undue financial stability risks.

So why should investors finance tangible capital investment when they can ride the wave of asset - price inflation?

Indeed, Powell, in his January address to the American Finance Association, argued that, with regard to the impact of «highly accommodative monetary policies,... studies generally show that they lowered rates across the curve and moved other asset prices as well.»

Iran's new Petroleum Contract will be able to invite private companies and international investors to finance and operate energy assets at an attractive price.

Students of the Courant Institute program will seek jobs in a variety of areas in finance, including derivatives pricing and trading, risk management, asset management, and financial software development.

«In this paper, we show that exogenously increasing testosterone in men increases bid prices and asset price bubbles, and slows the incorporation of fundamental value,» says Ivey Business School's Amos Nadler, Assistant Professor of Finance.

Situations that would normally lead to a lease being classified as a finance lease include the following: the lease transfers ownership of the asset to the lessee by the end of the lease term; the lessee has the option to purchase the asset at a price which is expected to be sufficiently lower than fair value at the date the option becomes exercisable and that, at the inception of the lease, it is reasonably certain that the option will be exercised; the lease term is for the major part of the economic life of the asset, even if title is not transferred; at the inception of the lease, the present value of the minimum lease payments amounts to at least substantially all of the fair value of the leased asset, and; the lease assets are of a specialised nature such that only the lessee can use them without major modifications being made.

The prices of the assets being financed are so high, that one borrowing to own the asset faces a negative arb — he has to keep paying to keep the asset afloat — the net yield is negative.

Behavioral finance has been the leading challenger to the efficient markets hypothesis, but the academics reply that behavioral anomalies are not an integrated theory that can explain everything, like the EMH, and its offspring like mean variance analysis, the capital asset pricing model, and their cousins.

Difficulties happen in the «real economy» when current assets have a difficult time getting financed, and consumer durable purchases and capital investments get delayed because financing is not available at reasonable prices.

BANK OF MONTREAL $ 77 (Toronto symbol BMO; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 642.5 million; Market cap: $ 49.5 billion; Price - to - sales ratio: 2.9; Dividend yield: 4.3 %; TSINetwork Rating: Above Average; www.bmo.com) is Canada's fourth - largest bank, with $ 672.4 billion of assets.

As a matter a fact, Mr. Sharpe said decumulation is the «nastiest, hardest problem in finance» to tackle which is saying something considering Mr. Sharpe was the mastermind behind the Sharpe Ratio and the Capital Asset Pricing Model (CAPM).

The additional leverage pushes up asset prices until the cost of financing the assets exceeds the yield the assets throw off by a small margin.

MDT Advisors» uses a quantitative process that scores stocks based on earnings estimate momentum, long - term earnings growth, analyst conviction, share buyback and issuance, external financing, asset growth, earnings risks, structural earnings, tangible book - to - price and earnings - to - price.

My research fields are empirical asset pricing and international finance.

The principal way that the Fund attempts to put the odds in its favor is by acquiring the common stocks of well - financed companies at prices that represent meaningful discounts from readily ascertainable net asset values.

LBO participants pay premium prices, i.e., control premiums, which are then offset by the availability of attractive senior finance coupled with prospects for asset redeployments plus constructive management changes.

WELLS FARGO & CO. $ 53 (New York symbol WFC; Income Portfolio, Finance sector; Shares outstanding: 4.9 billion; Market cap: $ 259.7 billion; Price - to - sales ratio: 3.0; Dividend yield: 2.9 %; TSINetwork Rating: Average; www.wellsfargo.com) is the third - largest U.S. bank by assets ($ 1.92 trillion as of March 31, 2018), after J.P....

The usual buy trigger for Third Avenue is where the common stocks of well - financed companies are available at prices that represent a meaningful discount from readily ascertainable net asset values.

IGM FINANCIAL INC. $ 37 (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 240.6 million; Market cap: $ 8.9 billion; Price - to - sales ratio: 2.7; Dividend yield: 6.1 %; TSINetwork Rating: Above Average; www.igmfinancial.com) had $ 155.8 billion in assets under management as of March 31, 2018.

When you pressure investors to take on risks that they would not normally have taken by pushing interest rates to «rarely - before - seen» lows — and when you entice consumers to finance gratification through credit rather than through savings — asset prices rise precipitously.

As you rightly point out, you could sell your current home at a reduced list price but selling an asset in a down market and buying in a more expensive market doesn't sound like great personal finance advice.

And not one ounce of attention to the descendants of that idea, which came out of academic economics and went into corporate finance and morphed into such obscenities as the capital asset pricing model, which we also paid no attention to.

Short term financing, where the portfolio's «market value» gets measured on a daily basis has a much bigger impact, because as prices fall, liquidation of assets can feed a collapse of prices.

Asset prices were highest when the ability to use short - term low - cost financing was abundant.

Any way to conserve cash or sell off assets could lengthen the time to expiry, and maybe, just maybe, the economy will turn, or the pricing cycle will turn for the products, or enough other firms will fail, that the remaining liquidity lowers financing rates enough that the company can re-liquefy and survive.

The senior leadership of DriverUp has many years of experience in auto and consumer finance through several credit and market cycles and is highly focused on analyzing trends such as used car prices, making decisions that directly affect the portfolio, and educating investors on this asset class.

But if there is too much capacity, and thus low prices for products, the profits after financing may never emerge, and the value of the assets may sag.

Anna Scherbina specializes in behavioral finance, empirical asset pricing, and real estate.

Deng, S.J., 2005, Valuation of Investment and Opportunity to Invest in Power Generation Assets with Spikes in Power Prices, Managerial Finance 31 (6), 95 - 115.

Technology was the enabler for pillars of modern finance like the capital asset pricing model, Modigliani - Miller theorems and Black - Scholes option theory.

As a PhD candidate in finance, Viglione is an expert in crypto - finance, asset pricing, and crypto - related innovations, and teaches university courses about Bitcoin and blockchain applications.

Volatility - Volatility in finance is the level of variation in asset prices measured over time.

Limit Order - A limit order is a term from finance used to describe an order to buy or sell an asset at a specific price or better.