Gary A

Global Markets in Review: Forwards and Upwards for Risky Assets

Well if FASB has the plan to establish Mark to Market again in the Fall, then this temporary rally, and even the inflation trade, will be history. I am very concerned that FASB, with the blessing of the Bank of International Settlements could have applied M2M in 2004, yet waited for a huge bubble to be created before implementing transparency. This caused the stock market to tank. So they let off a bit. Their goal is to bring back M2M again. It is like we are puppets on a string and the puppeteer is the BIS from their perch in the Tower of Basel: bank-abuse.com/Towerof...