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The shock would be painful for the incumbent wealth owners, but, after a rapid decline in the dollar values of asset prices, including land and real estate, new businesses and investment projects would soon have room to grow, and new jobs would be created.
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"The challenge in the accounting is measuring the values of assets and liabilities under stress".
It resulted from balance-sheet write-offs to reflect the clearly lower values of assets acquired by the company during its growth spurt of the last few years.
Make the values of assets transparent, he says, and economies get better.
The FBI documents say the bureau obtained financial information and "potential forfeiture values of assets about the Khan family….
This would bring the value of asset sales by the group close to £2bn in less than a year.
[Update: Indeed, the Fed did so.] So here's a review of recent evidence on the value of asset purchases.
Speculators quickly began bidding up the value of asset classes like crude oil, metals and food commodities.
The financial account summarizes the value of exports versus imports of assets, and the capital account summarizes the value of asset transfers received net of transfers given.
The total value of assets under management fell 11percentt in the quarter, to $806 billion.
As the euro has risen, so has the value of assets denominated in it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com