This week’s diatribe is about off-balance sheet accounting and alternative financing.
I’ve been approached multiple times in the past month or two about investment opportunities funding some activity outside of the normal funding channels (banks or equity financing).
This leads me to wonder how much lending is happening in our economy this way and if it’s under the radar. I don’t like the sound of it.
Listen to my video below.
State pensions are in a world of hurt, and you and I will be subsidizing them in the future. Do you think this will cause some slowdown in state revenues and resources? Of course.
Does the economy and the stock market go in sync? Is one a leading indicator for the other?
How do you value the stock market? Forward P/Es or Reported P/Es?
And how will our current deficits affect the answers to all these questions?
This is one of the best articles of the year, packed with information for you to fully understand our current situation. For your convenience, I’ve highlighted what I think is most important.
How about 100 years?
Norfolk Southern is issuing a 100 year bond that will mature in 2110!
Is this a good or bad sign?