Memories of mark-to-market
It could be a new name of a sauce made by President’s Choice, but the raft of blow-out U.S. bank earnings this week justifiably turns the mind to “Memories of mark-to-market”. How long ago...
Tagged: accounting standards board
The Bull Market has returned
On a technical basis at least, the Dow Jones is back in Bull Market territory, rising 21% from the March 9th low. The recession might be still underway (see prior post “Bank lending drops...
Pragmatism will trump Principles in MTM war
I wish Ross were around. Today’s rally is far more exciting than the Pandit Rally (see prior post “Has Citibank turned the corner?” March 11-09). I could call him now to see what to...
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