Showing posts with label mark to market. Show all posts
Showing posts with label mark to market. Show all posts

Wednesday, October 1, 2008

Mark To Market

Some headlines from Bloomberg today:
Manufacturing in U.S. Contracts at Faster Pace Than Economists Estimated
Cash-Starved Corporations Scrap Dividends, Tap Credit Lines to Raise Funds
Trichet Says Congress Must Back Bailout Plan for 'Sake of Global Finance"
Treasuries Rise; U.S. Growth May Slow Regardless of Rescue Plan
Bank Bond Spreads in Europe at Record on Funding Woes

Aside from a relief rally in stocks yesterday, you can see from the headlines things have not improved much in the credit market trenches. Of note was a "clarification" by the SEC and Financial Accounting Standards