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<p>[QUOTE=&quot;yakpoo, post: 1145073, member: 18157&quot;]The market, if left alone, sets interest rates quite efficiently. There&#039;s little political appetite for more quantiative easing which will most certainly produce higher interest rates once the current round of stimulus ends...<b>the national debt MUST be serviced</b>.</p><p>&nbsp;</p><p>I agree with everything else you say with just one notable exception. You state that...</p><p>&nbsp;</p><p><br /></p><p>&nbsp;</p><p>The FASB &quot;Mark to Market&quot; accounting rule was a <b>really DUMB idea!!</b> &quot;Mark to Cash Flow&quot;, is clearly the correct method to price assets in an inactive (or otherwise inefficient) market. The <a href="http://en.wikipedia.org/wiki/Mark-to-market_accounting" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Mark-to-market_accounting" rel="nofollow">FASB adoption of FAS-157d</a> proves that point. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p>&nbsp;</p><p>An excerpt from Wikipedia...</p><p>&nbsp;</p><p>Note that in <b>April 2009</b>, the very week FAS-157b was revoked, the <b>artificial market crash</b> <b>of 2008/2009</b> ended and the markets righted themselves...it&#039;s amazing how well the economy works when you get <span style="color: red">EDITED: No political rants !</span></p><p>&nbsp;</p><p><br /></p><p><span style="color: #ff0000"><span style="color: black"><b>EDIT:</b></span> :taped-shut:</span></p><p>&nbsp;</p><p><br /></p><p><br /></p><p><a href="http://finance.yahoo.com/q/bc?s=_GSPC&amp;t=5y&amp;l=on&amp;z=m&amp;q=l&amp;c=" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://finance.yahoo.com/q/bc?s=_GSPC&amp;t=5y&amp;l=on&amp;z=m&amp;q=l&amp;c=" rel="nofollow"><img src="http://chart.finance.yahoo.com/c/5y/_/_GSPC" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></a>[/QUOTE]</p><p><br /></p>

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