5 Comments
Oct 17, 2022Liked by Chris Marsh

Great article! I haven't read much about it on the mainstream media. Those figures are quite scary in the current context. Hopefully they will manage to align themselves with the US standards.

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Great.

Do you know how this scheme works between ECB and the sovereignty as? It would be interesting a similar article, but talking about this aspect with the ECB.

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Given the (self-imposed) nature of central bank interest rate cycles, the US deferred asset approach is quite sensible. The accounting treatment fits with the temporary nature of the 'problem'.

No point in making a monetary mountain out of a manageable molehill.

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