…back in 2008 and early 2009, Spanish regulators were riding high after their country’s banks seemed to have dodged the financial crisis with minimal losses. A big reason for their success, the regulators said, was an accounting technique called dynamic provisioning. By this, they meant that Spain’s banks had set aside rainy- day loan-loss reserves…
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Francine McKenna on Trustee Reports for MF Global and JP Morgan’s Pinto Problem – Video
by Newswires • • 0 Comments
Lauren Lyster interviews Francine accounting and regulatory guru Francine McKenna.
Bruce Krasting, Contributors- Economic and Financial, Must Read
IRS Cuts Deals- Bruce Krasting
by Bruce Krasting • • 0 Comments
The other day the IRS announced new rules for settling tax liabilities for individuals. It’s a sweet deal. I thought that was interesting. Then yesterday we get an announcement from Altria (MO) that they too have cut a deal with the boys at the IRS. …
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BHP Decision Looms On US Shale Writedown – Executive – Fox Business
by Newswires • • 0 Comments
Sydney Morning HeraldBHP Decision Looms On US Shale Writedown – ExecutiveFox BusinessBHP Billiton Ltd. (BHP) will decide later this year on whether the slump in US gas prices will force a writedown on its shale assets there, as it continues to switch i…
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Apple Taxes & PR – Forbes
by Newswires • • 0 Comments
ForbesApple Taxes & PRForbesWho wasn't talking about this weekend's New York Times expose of how America's (and the world's) most beloved company uses creative accounting and legal tax loopholes to avoid paying its fair share of tax…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
How To Cripple the Real Estate Market in Five Easy Steps
by Charles Hugh Smith • • 0 Comments
Central Planning has crippled the real estate market to “save” their core constituency, the banks.
If you were head of Central Planning (howdy, Ben!) and were tasked with crippling the real estate market, here’s what you would recommend.
1. C…
Bears Chat, Best of the Forums, Latest Business Headlines, Must Read
How will MSM spin a failed Black Friday?
by Bears Chat at The Wall Street Examiner • • 0 Comments
Obviously, Black Friday will be a failure.
Disposable household income is down. House values are down. Stock values are down. Net worth, at least by any honest measurement is down. Savings return no income, and have no prospect of doing so. Governmen…
Bears Chat, Best of the Forums
What a bubble is
by Bears Chat at The Wall Street Examiner • • 0 Comments
A bubble in money-speak, is something that gets bigger as long as there is hot air being pumped in to sustain it all.
Leverage is typically the sustaining source for bubble price rises. But secondarily, there is the problem that the asset itself, what…
Bears Chat, Best of the Forums
A State Manager Takes Over and Cuts What a City Can’t
by a Wall Street Examiner • • 0 Comments
BENTON HARBOR, Mich. — Every first and third Monday of the month for as long as anyone can remember, this city’s elected commissioners have gathered in their musty second-floor chambers to contend with issues large and small — reports of gapin…
Bears Chat, Best of the Forums
The Rational Gold Investor
by a Wall Street Examiner • • 0 Comments
https://therealassetco.com/Articles/Article.aspx?a=583
Quote“With gold accounting for so little of global assets, McGuire says, only a small shift in asset preferences — from currencies to gold or bonds to gold — would cause a major price increa…
