Accounting & Financial Analysis News by GLG Council Members
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
-
December 9, 2008
Two Views About the Spanish Economy: The Outsider; The Insider | www.economist.com
The Spanish economy is not but different much that those of the rest of Europe and, safe in a critical factor like unemployment, it does not have to suffer to suffer but or less than the rest at this moment of crisis/global economic recession
-
Government Doesn't like Currency Competition.
December 5, 2008
e-Bullion's lawyer blasts new government claims, says seizure of funds "not authorized" | www.thestandard.com
Whether or not the government's claims of fraud, money-laundering, and ponzi-schemes are valid remains to be seen, but the government has a long history of being touchy about any preceived attempt to create an alternative "currency".
-
http://www.economist.com/theworldin/displaystory.cfm?story_id=12494482
December 5, 2008
Two Views About the Spanish Economy: The Outsider; The Insider | www.economist.com
There is already a great misunderstanding about Spain; Spanish Politics and Spanish Economy. I believe the article from Mr. Thomas Catan add to that confusion rather than clarify the real situation. Investor who may be thinking about Spain should have both view to decide what they should be doing in the next two years.
-
The Future of Fair Value Accounting and Mark to Market (FASB 157)
November 19, 2008
Could Bank Rules Break The Fair Value Debate | www.cfo.com
Banks and financial institutions blame FASB 157 for their problems by claiming that writing down unperforming assets requires them to sell depressed assets in order to maintaing their reserve requirements. To see if this is true, we need to go back to Ken Lay and Enron during their last days.
-
Nitish GroverPrincipal, OwnerNitish Grover and Associates
November 14, 2008
Could Bank Rules Break The Fair Value Debate | www.cfo.com
Accounting rules are being blamed for causing the decline in the global economy, the rising jobless figures and all other multifarious ills which are gripping the financial sector and capital markets. In the midst we now have a proposal that financial solvency for banks should not be measured based on accounting results and accounting rules. In this analysis I take a look at some of the aspects of this proposal.
-
Nitish GroverPrincipal, OwnerNitish Grover and Associates
The Increasing Relevance of Going Concern in the Declining Economy - Implications for Analysts
November 10, 2008
SFAS Exposure Draft On Going Concern | www.fasb.org
Going concern has since as far as I can remember been a fundamental accounting assumption and has been codified in general technical literature, International Standards, FASB standards, Indian standards and generally been accepted globally. The exact methodology to arrive at a conclusion of going concern has however hardly ever been codified. The FASB exposure draft on the subject does path breaking work in this area. In this analysis I look at the concept of going concern and its relevance in the present global financial economic environment.
-
Jack LiftonManaging DirectorJack Lifton, LLC
November 7, 2008
Automakers and Union Seek Help From Pelosi | www.nytimes.com
It is incredible that anyone would consider financing the further operations of the American OEM automotive industry without insisting first that its current management be replaced as a precondition. The enabling legislation creating the facility to lend taxpayer originated funds include the following regulations that the Department of Energy is to follow: "before it can lend money, the Energy Department must conclude that the borrower has assets that exceed its liabilities, and is likely to be able to repay the principal and interest."
-
Bailout maybe...but with strings attached
November 3, 2008
Chrysler makes a poor fit for GM | www.freep.com
There is no question that if both GM and Chrysler are allowed to totally fail it would add match and fuel to the downward trajectory of our economy. Thousands of unemployed workers, pension and medical payments reduced, huge enemployment and welfare expenses, etc. There is also collateral damage, i.e., tens of thousands of additional layoffs at vendors, dealers across the country. We have already become indebted to the Chinese through bond sales and sold equity pieces of our financial industry to Asian, European, and Middle Eastern controlled entities. Now we can't to allow the stalwarts of our auto and eventually airline industries to be abandoned as well. This has been the plan of those who would if not been our enemies, at least been our competitors for more than a decade. We certainly cannot be defeated militarily (at least not while we spend what is left of our debt ceiling on war plans). They defeat us by letting capitalism and market freedom gone wild collapse on itself.
-
Bubbleburst of derivative market and its consequences
November 3, 2008
The $1,300 Trillion Derivative Market | maxkapital.blogspot.com
The derivative market has grown to such a massive proportion due to the speculative activities and the intention of the players to make quick profit. The market operation in derivatives requires only the margin money which is about one tenth of the value of underlying security, the expansion of credit in the derivative market depends on the liquidity flow and each operator's ability for risk taking. However, simultanous credit expansion in the economy, flow of funds from productive investment to speculative operations, and the reckless operations of several big players had fuelled the expansion of derivative market out of proportion, and its ultimate collapse. The operators inject more and more funds into the derivative trading, which reduces the availability of funds/credits in other economic areas, and the failure of some of the operators triggers the fire, and the collapse of the market, effecting normal economic activities badly.
-
Jack LiftonManaging DirectorJack Lifton, LLC
October 27, 2008
Chrysler makes a poor fit for GM | www.freep.com
Is the American Government smart enough to see that the average American has already written off General motors, Ford, and Chrysler? The proposed bailout of any of these mismanaged train wrecks is nothing of the sort; it would be rather a stimulant to a dying industry intended to get an unrepresentative government past yet another election offering no change at all to the status quo. It is, as always with government programs, robbing the future to keep up the appearances of the present as a work-in-progress instead of a dead end.
- Subscribe to Updates
-
Leading institutions connect with members of the Accounting & Financial Analysis councils through GLG
Get Intelligently Connected
with the world's leading experts
GLG's 850+ Clients Include:
- More than 70% of the world's leading
- mutual funds
- 15 of the leading 20
- global banks
- 7 of the leading 10
- global private equity firms
- 5 of the leading 10
- AmLaw firms
- Fortune 500® Companies
- in nearly every industry sector, including pharmaceuticals, insurance, chemicals, energy and computer software
Most Popular Accounting & Financial Analysis News
-
Obama Expected to Sign Generous NOL Carryback Bill on Friday
November 5, 2009
-
Bank of America and The Lesson of Parmalat
September 15, 2009
-
September 6, 2009
-
The Consequences of The UBS Tax Evasion Cases
September 1, 2009
-
The Reality of UBS and Liechtenstein Tax Settlements
August 25, 2009