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John M. Mason

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  • The Future Of Banking... Once Again [View article]
    Bret Maverick, on hearing the statement "You can fool some of the people all of the time and all of the people some of the time..." replied..."Those are pretty good odds!"

    Aug 11 05:01 PM | 1 Like Like |Link to Comment
  • European Disinflation Continues [View article]
    Sorry. The decimal point got dropped!
    Jul 31 11:49 AM | Likes Like |Link to Comment
  • Second Half Economic Outlook: Should I Change My Forecast? Part II [View article]
    Funny, many others have commented on how pessimistic I am...and have been over the past five years.
    Jul 18 07:33 AM | 1 Like Like |Link to Comment
  • Mr. Nadella Makes His First Major Move At Microsoft [View article]
    Tell that to Mr. Ballmer! Maybe that's why he is not CEO anymore.
    Jul 17 03:00 PM | 2 Likes Like |Link to Comment
  • Dilemma Of The European Central Bank: Can It Do Anything To Stop Deflation? [View article]
    Jun 4 11:14 AM | Likes Like |Link to Comment
  • The Returns From Italy [View article]

    It it highly ironic that one could look to Italy as a possible source of strength for the European reform...i agree.

    The book is still out on whether or not Mr. Renzi can do the job.

    But, he is the only leader of a major nation that has started reform, seems to be committed to reform...and, at this stage has the support of his nation.

    France doesn't have a leader...and its leader has little support. Same with Spain. Same with Greece. Same with Portugal.

    And, Mr. Renzi has a record as a "doer" as Mayor of Florence.

    Furthermore, all I am saying is that the "south" of Europe needs someone else to look to than Germany. If Mr. Renzi can "get things started" then maybe he can serve as an example to others.

    Still a long way to go.
    May 28 07:09 AM | Likes Like |Link to Comment
  • Federal Reserve Reduces Reserve Balances [View article]
    The Fed is not the "dealer" here. The securities dealers they work with are the dealers and so the transaction is looked on from the standpoint of the approved government securities dealers.

    This is confusing to someone just working with the statistics but this is the way these transactions have always been treated.

    The "repurchase agreement" line item is where the broker/dealer sells the security to the Fed (the Fed acquires the security so it becomes an asset on the Fed's balance sheet) under an agreement to repurchase it.

    The "reverse repurchase agreement" line item is where the the broker/dealer buys the security from the Fed (the Fed sells the security so that it become a liability because it must repurchase the security at some future time) under an agreement to sell it back to the Fed.

    Hope this helps.
    May 3 08:43 AM | Likes Like |Link to Comment
  • General Electric And Alstom And Jeff Immelt [View article]
    Thanks for the heads-up...the change has been made.
    May 2 09:32 AM | 2 Likes Like |Link to Comment
  • Microsoft And Its Legacy Problem [View article]

    I was trying to be ironic with the comment on the stock price increase. I, too, think it is significant. You caught me out!

    May 1 08:57 AM | Likes Like |Link to Comment
  • The Economy And Monetary Policy [View article]

    It is so nice to have someone call me an optimist for a change. For the past four or five years I have been accused of being overly pessimistic.
    Apr 24 03:15 PM | Likes Like |Link to Comment
  • Once Begun... Financial Innovation Continues To Thrive [View article]
    Deposit rates, the cost of funds, are about as low as they can go and are not declining.
    Loan rates, as mentioned in the second to last paragraph of the post, still are indication to me that loan demand is still, basically, very weak.
    Thus, the net interest margin is declining, but not because the cost of funds is rising. The yields the banks are earning of loans must be decreasing, which is what the statistics show.
    Apr 22 09:49 AM | Likes Like |Link to Comment
  • The General Electric Evolution Continues [View article]

    Thanks for your comments. I find a lot to agree with in your response.
    Apr 19 10:37 AM | Likes Like |Link to Comment
  • Bank Earnings Reports: Citigroup Versus JPMorgan Chase [View article]
    Jason B
    Just a note...I didn't say that Citi "failed" their stress test. I indicated that the Fed failed to approve a request by Citi to increase dividends and buy back stock. Nothing about "failing" the test.
    Apr 15 08:16 PM | Likes Like |Link to Comment
  • Banking System Continues To Restructure [View article]
    Check the decline in the number of banks in the banking system. A lot of the smaller banks are being acquired. The banking system is still shrinking, banks are just leaving with help...and in many cases wilingly.
    Apr 14 01:01 PM | Likes Like |Link to Comment
  • A First Interview: Microsoft's Satya Nadella [View article]
    I agree, management is not in charge of the stock price.
    Management is only in charge of its actions.
    Investors place value on what the management does.
    From the summer of 2000 until the current time...Microsoft stock price has basically remained constant.
    For thirteen years, investors have concluded that Microsoft management has not been adding any more value to the company than what existed in the summer of 2000.
    This is the grade that the investment community has given Microsoft...
    The management of Microsoft over this time period took the test...the market did not think that it did very well.
    Feb 22 01:43 PM | 3 Likes Like |Link to Comment