Wednesday, November 17, 2010
Here's a couple of kick-ass links:
First, Delusional Economics's insider correspondent, Deep Throat, has a brilliant exposition of mark-to-market accounting and the impact it has on big bank capital ratios in an up market, or down.
Second, Critical Influence has a super exposition of the dark history of income to house-price ratios.
Neither is to be missed and, given the part-time nature of the two bloggers, poses the same question to the mainstream media: What the hell are you doing?