…values, total wealth includes the present value of labor income, i.e., the present value of lifetime compensation. For all industries except finance, lifetime income is generally not associated with financial…

…reduction in their “real value” as compared to today’s. The “replacement value” is the amount of the monthly benefit as a percent of the worker’s adjusted average lifetime monthly income….

…because its own debt has lost market value. The firm’s debt loses market value as the risk of bankruptcy increases. In this case, it is losing value (compared to a…

…1 percent of total program cost, the real value of OASDI benefits is extraordinarily high. Internal rate of return does not reflect the full value of insurance in reducing the…

…to express that in 2009 dollars but what you can’t do is make the consequent value vary much, it is what it is. In 2007 the Present Value of Unfunded…

…So on the assets side, a CDS has an effect which depends on its notional value and on the liabilities side at it’s market value. Now I’d guess that regulators…

…assume that, since the housing bubble burst, I believe that my house has fallen in value by too much. I would understand a 20% decline, but the “market price” that…

…of desperation allowing banks to make up asset values, because given current market prices they would be insolvent. The argument is that current prices are below fundamental value because of…

…on the collateral value and expected value of assets is conducive to the emergence of a fragile financial structure.” I searched “Minsky” at AB. He comes up as early as…

…the trust fund (the accumulated value of past OASDI taxes less cost) gives a closed group (excluding all future participants) unfunded obligation of $15.2 trillion. This value represents the shortfall…