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taxd2deth
2 Comments
Mark to Market Myths [view article]
Mr. Kedrosky's desire to simply declare the system broken, without specific, exacting examination of even one bank's application of the new rule and why it matters or doesn't, and then simply throwing out a completely made up and nonsensical blending standard, again with no concrete examples or even attempt, put him in the same class as Bernanke and Paulson. Blog writing invites poor academic skills and pure BS, and even the smartest guys on the block soon just fill the page. Also, the reality of what has actually happened has little to nothing to do with that rule in any event, it is a scapegoat for multi-level Enron type accounting frauds which seems to vary, bank to bank as I examine their situations. Many (if not most) banks seem to have none of these odd valuation issues, incidentally, if you examine enough of the statements available for free on line. The issue for most of those banks is that they had investments in Fannie/Freddie and relied on the government oversight to protect them. So much for oversight.Oct 01 05:34 PM
AeroGrow International: A Bargain at Under $5 [view article]
First, this gadget competes with many established gadgets that do the same for less one way or the other. Second, repeat business will possibly prove quite sparse (one trick pony). Cf. Gardener's supply for similar. More importantly, this is going to be tried by everyone who can get seeds of a hemp plant, isn't that obvious? People don't really sit around growing tomatoes in solution, and an "unsavory"..... will follow. They can embrace it and profit or keep making believe that isn't their target market. You might expand your article to discuss that most critical segment; however if it does grow killer stuff, then they have something; if not, it's one trick for sure. PS> drugs are wrong, wrong, wrong, never ever do drugs/alcohol while investing. May 02 05:40 PM