Sentences with phrase «many financial asset prices»

And to be sure, many financial asset prices still reflect a dominant reflationary view.
This set of monetary policies affects financial asset prices in a different way compared to changes in short - term interest rates, and we should be humble about what we claim about understanding the importance of this distinction.
It includes not just consumer prices but also producer prices, commodity prices and financial asset prices.
Having rapidly pulled ahead over the past three decades, China must remain free of rentier ideology that imagines wealth to be created by debt - leveraged inflation of real - estate and financial asset prices.
Whereas the previous Fed Chairs might have been more inclined to worry about rocketing financial asset prices and increase the pace of tightening in this environment, Powell will maintain status quo even in this scenario.
And to be sure, many financial asset prices still reflect a dominant reflationary view.
«Data - Snooping Biases in Tests of Financial Asset Pricing Models.»

Not exact matches

The minutes of the Fed's June meeting noted that «some participants suggested that increased risk tolerance among investors might be contributing to elevated asset prices more broadly; a few participants expressed concern that subdued market volatility, coupled with a low equity premium, could lead to a build - up of risks to financial stability.»
Before the financial crisis, most every economy was doing well, albeit on a bubble of debt and inflated asset prices.
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.
The latest change in tone may also reflect an additional concern - that low interest rates are fostering financial instability by promoting bubbles in asset prices and stimulating excessive credit creation.
The U.K. takes it so seriously that it invested the Bank of England with the power to deflate any asset - price bubbles that it identifies as threats to the financial system.
Assets under management (in millions, USD): $ 731,200 (T. Rowe Price is also a multi-disciplinary financial services firm with a venture arm.
In the grander scheme of things, and as a red flag, this is another asset class that has enormously benefited from asset price inflation, stirred up by the Fed's well - targeted monetary policies since the Financial Crisis.
This included trying to organize and make sense of his financials, put together a list of assets, customers and suppliers, pricing lists, rental agreements and more.
Britain's Financial Conduct Authority has also warned specifically about the dangers of crypto CFDs, where prices of the underlying asset can fluctuate wildly in minutes.
It also is referred to as the «fear gauge,» as it is based on the trading of financial assets that allow investors to bet on future prices.
As with previous examples, the action has been mainly in financial assets with real estate prices soaring in the financial centres.
The central bank noted in its statement that «financial vulnerabilities in the household sector continue to edge higher,» which is the Governing Council's way of saying that ultra-low borrowing costs continue to put upward pressure on asset prices and personal debt.
During difficult market conditions, such as the asset - backed commercial paper crisis in the summer of 2007 and the global financial crisis of late 2008, the BAX has consistently provided customers with price transparency, liquidity and central counterparty guaranteed transactions.
Republican critics say they fear that by flooding the financial system with money, the Fed has inflated stock and real estate prices and could create asset bubbles that could pop with dangerous consequences for the economy.
As explained, this trick works for the cheat who pays an excessive purchase price for the acquired company, then buries the excess as an intangible asset such as goodwill in the financial statements.
«We expect domestic politics and cracking global crude price to sustain Malaysian financial assets as Asia's underperformers,» ING remarked in a Wednesday note.
Valuations of risky assets are still stretched, and liquidity mismatches, leverage, and other factors could amplify asset price moves and their impact on the financial system.
If a central bank eases monetary policy, it stimulates the economy, largely by encouraging households and companies to borrow more and pushing up the prices of many types of financial assets.
Insufficiently flexible exchange rate regimes have the potential to alter the pattern of capital flows and the price of financial assets.
The Congressional Budget Office defines asset bubbles as: «An economic development in which the price of a class of physical or financial assets (such as houses or securities) rises to a level that appears to be unsustainable and well above the assets» value as determined by economic fundamentals.
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.
A second example is one in which the economy is in recession, or operating below potential, and the financial system is going through a phase of deleveraging and low asset prices (Chart 1, see «Case 2»).
The financial sector wins at the point where you don't see that the prices that the banks are inflating are asset prices — real estate prices, bond and stock prices — and that the role of commercial banks is to increase the power of wealth over the rest of society, over labour, over industry, to create a new ruling - class of bankers that are even more heavy than the landlords that were criticised in the last part of the 19th century.
Bond yields spiked, and prices for a number of other financial assets that had benefited from expectations of ongoing asset purchases by the Fed dropped precipitously, not just in the United States but in almost every other country.
The global financial crisis, like the Great Crash of 1929, also reflected widespread regulatory shortcomings and other weaknesses in a number of countries.1 But it is likely that monetary policy played at least a contributing role in encouraging the buildup of leverage and asset prices in a fragile financial system.
The effect of transfer payments to the financial sector — as well as the $ 5.3 trillion increase in U.S. Treasury debt from taking Fannie Mae and Freddie Mac onto the public balance sheet — is to support asset prices (above all those of the banking system), not inflate commodity prices and wages.
The public equity market is factually and demonstrably a small fraction of the financial assets available and traded in the economy, and it still is not clear to me why that particular slice of the asset world should be used as a price guide for the social discount rate.
But, at the same time, more debt and higher asset prices may create vulnerabilities in the financial system.
If the prevailing patterns of capital flows were to exert downward pressure on interest rates and upward pressure on other asset prices, they would contribute to more expansionary financial conditions than would otherwise be the case.
Where these balance sheet improvements are most advanced, future financial distress will look more like what we typically see in instances of financial stress in the major economies — substantial asset price volatility and the potential for substantial financial losses, but less in the way of a significant disruption to either short - run or long - run real economic growth.
Bean C (2003), «Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough?»
Financial assets and liabilities whose values based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement.
Interest rates and bond purchases work indirectly, through asset prices and financial intermediation.
Financial assets and liabilities whose values, based on unadjusted, quoted prices for identical assets or liabilities in an active market, examples include active exchange - traded equity securities, listed derivatives, most United States Government and agency securities, and certain...
These financial products track the price of an underlying asset (in this case, bitcoin) and gain or lose value relative to that base asset.
Asset price booms and busts and credit - related booms have occurred under many different monetary regimes, including in highly regulated financial systems.
This cash transaction is the exact opposite of a futures contract, which generally involves the exchanges of some type of asset, financial securities, later, and through a set price.
But you've also talked about the need to stabilize financial markets, even «leaning» against asset price bubbles.
The government spending that Mr. Bernanke has endorsed is pure bailouts to the banks, insurance companies, real estate packagers and other Wall Street institutions so that they can support asset prices and thereby save the economy's financial balance sheet, not its employment and living standards.
Asset - price inflation gives way to crashing prices and negative equity for real estate and for much financial debt leveraging as well.
Unfortunately, Mr. Krugman's failure to see today's economic problem as one of debt deflation reflects his failure (suffered by most economists, to be sure) to recognize the need for debt writedowns, for restructuring the banking and financial system, and for shifting taxes off labor back onto property, economic rent and asset - price («capital») gains.
... The pricing of financial assets, and today's extraordinarily low interest rates indicate that a flight from the dollar is the last thing expected in financial markets.
If it were to be decided that monetary policy should be more responsive to asset price events, such an approach would have to be motivated by a broader and rather more long - term notion of financial and monetary stability than is in common use today.
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