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Put another way, Mr. Snow was not calling for the dollar to climb back in value but for it to sink more rapidly against the Asian currencies.
But if the investments you convert spring back in value (and/or tax rates rise later) you'll have paid off your IRA tax bill at a bargain rate.
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"He wanted to wait until the stocks went back up in value before diversifying," he said.
"The attitude used to be that remodeling is great, but don't expect to get it back in resale value".
Moreover, in principle, the venture might go back in the value scale, thus decreasing the amount of the founders' vested equity.
Can you imagine a CEO who would refuse to issue $1 of debt in the knowledge that $12 would come back in asset value?
That $165 million round raised back in March valued the health startup at around $3 billion.
The Series F round, which we reported on back in September, values the company at $5 billion and was led by new investor Baillie Gifford and existing backers, Falcon Edge, Tiger Global, SoftBank Group and DST Global.
The Bush Administration argues that the market could gain back about $1 trillion in value, which would translate into perhaps $40 billion in extra spending.
The firm has since given back around $50 billion in value, but we wanted to know why it was up, and why it was down.
But the bulk of its gains come from a bounce-back in the value of more than $1.6 trillion in mortgage bonds and other debt that the government bought as the financial crisis worsened between 2008 and early 2010, in an effort to prop up the housing market.
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