As a former bank analyst, I learned quickly that most are given a license to print money (figuratively and literally) and the accounting practices in conjunction with the culture were key to assessing an overall bank.
Tuesday, May 13, 2014
Monday, May 12, 2014
Double, Double and All the Trouble with Inflation
A great read on the in's and out's with the myriad of problems with how inflation is calculated. First lesson, inflation does not necessarily have anything to do with changes in prices.
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