The word “balance” has significant meaning here. When you take something “off-balance,” you are doing just that. In other words, balance is good (think yoga or buddhism), off-balance (think checkbook) is not good. On that note, what do you call Fannie Mae, Freddie Mac and Sallie Mae. Do they qualify as “off-balance sheet financing?” How about the Bear Stearns portfolio. The U.S. government did about 36 hours of due diligence on that one, is that one off-balance sheet too? Continued
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Book
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My book The New Game provides an economic back-up plan and formula to help us shape our economic future.
It's an approachable and timeless solution promising an era of sustainable economic growth stoked by entrepreneurship and innovation.
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Recent Tweets
- Federal Reserve to buy Treasury bonds - otherwise known as "drinking its own blood". Interest rates will spike as hyperinflation results. 2010-08-11
- Prices of essentials such as food and electricity to inflate, while prices of non-essentials such as big homes and cars to deflate 2010-08-11
- Essentials such as electricity and food prices to inflate in price and non-essentials such as big homes and fast cars to deflate in price. 2010-08-10
- Goldman Sachs bans naughty words in emails. Partners and employees of the Wall Street firm to sell girl scout cookies as well. 2010-08-04
- Real Estate set to plummet, again. Banks will be forced to sell at auction prices which will dramatically reset market prices. 2010-07-13
- More updates...
