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K
How can we buy shares of the Fed ?
You want me to consult myself, or the CPA who signs my books every quarter? Yes, I do my own books and my CPA looks them over for about 60 seconds and signs them. Also, save the semantics: you're backpedaling on your "capital/equity" usage. Also here's a tip: you've never seen an auditor's... -
K
How can we buy shares of the Fed ?
I don't know what more to say - you're just plain wrong. The sheet lists reserve notes as liabilities that it has issued, not that it's holding. I didn't think that needed to be mentioned. -
K
How can we buy shares of the Fed ?
Please spare-me. I've have more than enough experience to understand how incorrect you are, and yet don't feel the need to say how much. Please, stick to the entity structures in your country as you clearly do not understand US non-profits. Does your country have something similar to an NPO? -
K
How can we buy shares of the Fed ?
Capital, in this case, is cash. It's only a liability if it needs to be paid back to someone, usually because a business closes it's doors. Again, this is an NPO and things are different. -
K
How can we buy shares of the Fed ?
You're correct about your definition of equity, but you continue to miss my point: the fed has no equity. NPOs don't have equity. Equity is not the same as capital. Technically you are incorrect. You're trying to apply for-profit accounting to an NPO - you don't understand that you cannot... -
K
How can we buy shares of the Fed ?
Instead of just the cash you need to use the amount of assets: 2,189,965. I used the more generous line-item that is essentially a for-profit corps's revenue line: 2,226,722. edit: it's been a while since I've looked at the fed's balance sheet. I hope to god they are using mark-to-market.... -
K
How can we buy shares of the Fed ?
I'm sorry but you keep missing the point: NPOs DON'T HAVE EQUITY!!!! you cannot keep putting it in where it doesn't exist. I understand you want to think of a company in terms of equity but there are company types that simply don't have it as part of their structure. Equity is NOT synonymous... -
K
How can we buy shares of the Fed ?
That is incorrect. you can't put equity in there - there is none. On their balance sheet when they have a line-item it means "capital" not "capital like equity, other things similar to capital, etc." They breakout everything: bonds, gold holdings, even the credit lines to AIG. Also it makes... -
K
How can we buy shares of the Fed ?
I don't mean valuation at all - this is not a public company with a monetary value. The Fed, for all intents and purposes, like most NPOs, doesn't have equity. If you're determined to keep analyzing this in terms of "equity" then the US treasury is the majority shareholder by an extremely... -
K
How can we buy shares of the Fed ?
Yes - my smiley face emoticon and I are going to crucify you. -
K
How can we buy shares of the Fed ?
My math shows they are ~102% capitalized. I would expect a central bank to not have very much excess capital that's not working somewhere.(swap agreement, loan, etc.) http://www.federalreserve.gov/Releases/H41/Current/ Also note that you might want to re-read my posts about the dividend... -
K
whens last time fed suprised negatively?15 years ago?
I don't understand what you mean by "regulating the money flow" that caused the correction to be worse than it was. -
K
whens last time fed suprised negatively?15 years ago?
Why do you think Ben is worse? I like him waaaay more than Greenspan. At the very least you have to throw Ben a bone for dealing with those committee twits in DC every few months... -
K
How can we buy shares of the Fed ?
Can you quote the parts of the Fed's statements that show the solvency ratio you are quoting? -
K
How can we buy shares of the Fed ?
Then you need to analyze not-for-profit companies, though being a financial analyst you likely analyze for-profit companies, as that's how your firm makes money. Also you might want to hit your firm's continuing education dept. up for some grammar lessons. =) -
K
Federal Reserve leverage, 40.8-times more debt than capital.
That chart is wrong. The fed has been buying long-term US debt for nearly 100 years. That being said, I'm not sure about the other pretty colors so take them with a grain of salt. -
K
How can we buy shares of the Fed ?
Where is the $9 trillion number coming from? The reps only talk about the $1 trillion number - only the article author mention $9 trillion, but provides no information on where it comes from, other than sticking in the headline and leading with it. It does grab eyeballs though, eh? =) Back... -
K
The whole rally since march was a massive transfer of wealth
There has been a lot of this on the board the past year or so. More people with an axe to grind then are interested in discussing the technicalities of markets and economics.