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One of These Things is Not Like the Others

…nominal change in wages is for each of those periods.* 1973-1975 Average Inflation Rate: 10.75. Real wage loss: 7% Wage increase in period: 3.75% (including the residual effects of wage…

SILOs –more action needed?

…generating artificial losses from the accelerated depreciation. Most of the purchase price was set aside to defease the seller’s obligation under the lease, with the excess the fee for accommodating…

BY SPENCER The employment report appears to report that the rate of job loss is moderating and provides encouraging evidence that the economy probably is not falling as rapidly as…

SIGTARP Quarterly Report to Congress

…of $20 million. Over time, however, the price of MBS X declines to its actual value, $30 per bond, and results in a $10 million loss to the PPIF fund….

Why Can Asset Prices Fall

…were over-valued in the past, because the ratings agencies were tricked or cashing in on their late lamented excellent reputations (or both). The loss of confidence in said agencies causes…

The tragedy of the ratings.

loss of credibility of the ratings is one of the causes of a terrible recession. This loss is more likely to cost the world trillions in lost output than mere…