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Deschutes Capital
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Deschutes Capital structures and arranges corporate debt of $10 + mil. for middle market companies with sales of at least $25 mil.
Deschutes Capital structures and arranges corporate debt of $10 + mil. for middle market companies with sales of at least $25 mil.

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Corporate Liquidity Management - Since we are late in this business cycle, it is a good time to review that our company's projected liquidity is sufficient to meet future projects, investments and employment needs with an acceptable level of safety. Although dated (October 2013), the following National Bureau of Economic Research (NBER) article "Corporate Liquidity Management: A Conceptual Framework and Survey" by Heitor Almeida, Murillo Campello, Igor Cunha and Michael S. Weisbach provides a nice overview of corporate liquidity management.
https://www.nber.org/papers/w19502
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IRS Guidance on 20% Pass-Through Deduction - Forbe's writer, Tony Nitti, has provided a good review and analysis of the recent IRS Guidance on the 20% Pass-Through Deduction in the following article - covering the key aspects as well as presenting it in a well organized structure.
https://www.forbes.com/sites/anthonynitti/2018/08/09/irs-provides-guidance-on-20-pass-through-deduction-but-questions-remain/#5dd14d8c2ff8
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There are many aspects of leadership and management to get results but probably the most important is our ability to develop and maintain effective relationships. This Inc magazine article by Brent Gleeson, "5 Aspects of Emotional Intelligence Required for Effective Leadership" provides a nice succinct overview of emotional intelligence competencies that will facilitate effective leadership and improve an organizations culture and productivity.
https://www.inc.com/brent-gleeson/5-aspects-of-emotional-intelligence-required-for-effective-leadership.html
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I came across this insightful article on SOFR (Secured Overnight Financing Rate) by Kurt Dew in Seeking Alpha (April 26th). It illuminates some of the difficulties banks and other financial institutions are having coming up with a replacement for LIBOR but also points out the regulatory arbitrage between the US and London's financial market systems.
https://seekingalpha.com/article/4166289-sofr-bad-idea-repo
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Here is a nice article by Alex Graham on some of the key clauses for investors and owners of companies seeking an equity partner to consider when negotiating their term sheets.
https://www.toptal.com/finance/fundraising/common-term-sheet-mistakes-founders-make
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Late stage business cycle deficit financed tax cuts with minimal economic growth benefits (most economists are coming out at about a 0.5% boost to GDP) is not an efficient use of our taxes (particularly at a time when the US has an excessively high national debt to GDP ratio). Mark Zandi, economist with Moody's Analytics, provides a broader and more detailed discussion of the current tax reforms being considered by congress.
https://finance.yahoo.com/news/worst-time-deficit-financed-tax-cuts-134224626.html
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A nice New York Times overview of the proposed revisions to the tax code. The credibility of the future growth assumption to maintain revenue neutrality (particularly at this late stage in the business cycle) will be critical. Although politically unpopular, it probably makes economic sense from a cost/benefit perspective to eliminate both the mortgage interest deduction and deduction for charitable contributions, which is currently proposed to be preserved.
https://www.nytimes.com/interactive/2017/09/27/us/politics/six-charts-to-explain-the-republican-tax-plan.html 
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The first quarter GDP has been showing what seems to be seasonal slowing in the economy over the last few years, coming in at 0.7% for the first quarter of 2017. With consumer spending coming in at only 0.3% and a flattening yield curve, the uncertainty of the future direction of the US economy has certainly increased. Although the Atlanta Fed's GDP Now forecasting has not been particularly accurate of late, it is heartening to see it is forecasting a 4.3% GDP for our current 2nd Quarter.
https://www.frbatlanta.org/cqer/research/gdpnow?d=1&s=email-weekly-digest&utm_source=Atlanta+Fed+E-mail+Subscriptions&utm_campaign=86aab7a6e9-weekly-digest-2017-05-01&utm_medium=email&utm_term=0_b7a27f0b85-86aab7a6e9-258772789
GDPNow
GDPNow
frbatlanta.org
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The recent 2nd Quarter GDP of only 1.2% following the 1st Quarter GDP of 0.8% seems contrary to the strong Non-farm payroll number of 255K released today for July. Time will tell whether the inventory adjustments and reduction in capital spending are a healthy rebalancing or a leading indicator for the employment numbers. Attached is a Bloomberg article "US Companies Have Enough Confidence to Hire, If Not Invest" by Carlos Torres.
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The Atlanta Federal Reserve's 2nd Quarter GDPNow forecast has come down dramatically to 1.8% from 2.3%. The current consensus forecast is 2.6%, significantly higher.
GDPNow
GDPNow
frbatlanta.org
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