Archive for the ‘shadow economy’ tag
Mark To Market accounting Relaxed…has anything really changed?
So now companies have the same assets, but they will look different on the balance sheets of companies like banks with ‘distessed’ assets. The stock market has already discounted for these assets with their own valuation models so the fact that these changes will now be reflected on the actual balance sheets will not really change anything although it is good for a ‘pop’ today in the market. This change was expected to happen so this is not exactly a shock and might have a limited effect on the market considering how much time the market had to rally before this announcement.
Housing Bubble: The sequel
We’ll be seeing another short lived housing bubble from the further government sponsorship of homeownership.
Isn’t it enough that the government already gives a tax benefit to homeowners by giving deductions for home interest and property taxes, and essentially opening the deductions door to this group? (I am part of this group for this exact reason).
