Category: Commentary

In 2007 the Financial Accounting Standards Board (FASB) made an accounting change – referred to as FAS 157.  FAS 157—also known as “mark-to-market,” or “fair value accounting” was primarily responsible for Continue reading “Imminent Accounting Change Rhymes with 2007 – $3 Trillion Impact”

I came across two interesting articles yesterday.  One stated that SocGen – a French Investment bank – was shuttering its commodities business (Bloomberg).  I thought that it was interesting for them to be “selling” at the bottom of the commodities cycle. Continue reading “Smart Money vs. Dumb Money”