Seeking Alpha

djrichter

djrichter
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • Deflation: The Experts’ Latest Scare Tactic [View article]
    When it comes to banks, the accounting rule "mark to market" has been suspended since April of 09 (called FAR 157 or something close to it). So, the true value of bank assets and their balance sheets are skewed a great deal because banks don't have to list assets at current value. This is masking deflationary information from reaching the masses in the hopes of things turning around. Without understanding how numbers are crunched, you'll get the wrong conclusion.
    Aug 3, 2010. 06:50 PM | 4 Likes Like |Link to Comment
COMMENTS STATS
1 Comment
4 Likes