Posts tagged 'Balance Sheets'

Valuing the Acropolis (and the arguments for NWFs)

Suggestion for a new series: things Buiter said a while ago that we need to talk about again.

This time… the search for a nation state’s “comprehensive balance sheet”. Which is exactly what it sounds like: a plea to establish a realistic balance sheet full of contingent liabilities and properly valued assets.

The new thing this time is that we’re talking about this balance sheet alongside the idea that “governments across the world are either ignorant of the true value (or indeed the existence) of some of their most important assets – they often have actively tried to hide these assets and have been highly successful in doing so.” Read more

The contrarian corporate liability switch

Some interesting stuff on corporate balance sheets from SocGen’s Albert Edwards on Wednesday.

Edwards observes, for example, that corporate leverage is finally recovering after a temporary retraction:

 Read more