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Day: October 13, 2008
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George Rebane RR readers have been kept up to date on the impact of FASB’s mark-to-market (MTM) rules on the current “Panic of 2008”. Today the world’s security markets reacted very positively to the international quiver of bailout arrows fashioned over the weekend that included the Financial Accounting Standards Board’s “clarification” of MTM. Wesbury and…
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George Rebane The Rebane household contributed to the national sigh of relief this morning. Finally, the markets did not plunge on opening, but actually went the other way. Taleb’s Black Swan has now made its appearance and, looking in the rearview mirror, it becomes clearer every day how we got here. People, professionals and consumers,…
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