Customers and some ex-employees tell of the same interest rate trick in a dozen states.
It's easy to get used to local prices, but don't let a high or low exchange rate trick you into turning down a good offer or paying more than you'd like.
Instead, running a conglomerate was all about a financing trick; using highly rated shares to buy companies on lower valuation multiples.These days, the private-equity groups are turning themselves into financial, rather than industrial, conglomerates the next generation of Morgan Stanleys.
The trick of making rates artificially positive did not fix the underlying problem, however.
British people are the second richest in the world, after only the Americans (a trick of the exchange rate, of course, but he didn't mention that).
Latin America's perennial underachiever grew faster than Brazil last year and will repeat the trick this year, with a rate of about 4% against less than 2% in Brazil.
I am sure you will not be surprised to learn that it's making its debut today, along with a very interesting range of entries, like AUDITOR'S REPORTS, INTEREST RATE CAP, TRICK OR TREATING and CHERRY CHAPSTICK.
Of course, the trick is that interest rate, or "yield".
Contrary to "popular" belief, there is no trick that increases catch rate.
The key driver of conglomerate growth turned out to be a financing trick, in which highly rated shares were used to acquire lowly rated ones, thereby enhancing earnings per share.Private equity has benefited from the tax deductibility of interest, which gives debt finance an advantage over companies that use equity for the bulk of their capital.
With recovery underway, the trick is to raise rates in small and well spaced quarter point steps.
