The second category of recessions arise by chance, for example when consumer confidence dips, or businesses become uneasy and cut back on investment and or inventory.

To transfer assets overseas?

Expanding the demand and reducing the supply of these risky assets is a way of manipulating their price.

Their bad assets will be separated and wound down over time.

The asset that is purchased need not be a physical asset.

Lack of confidence is reflected in low and volatile asset values.

So, why are investors holding such assets?

Liquid assets are assets that resemble cash, because they can easily be converted into cash and used to buy other assets.

As the prices of these assets fall, their yields will rise.

By suppressing internal rivals and absorbing their assets, the regime created a dual monopoly.

It is a mistake to look only at a country s liabilities, and ignore its assets.

If it declares bankruptcy and refuses to buy back its assets, bankruptcy laws should give the central bank the first claim on the bank's assets.

Treasury Secretary Timothy Geithner s new public private investment program to buy toxic assets has few takers, despite subsidized non recourse financing. So the toxic assets remain on bank (and other) balance sheets.

This approach presupposes that bank assets and exposures can be accurately measured.

This is boosting the prices of other risky assets such as equities and credit.

Lettoan is a procession where the participants carry livestock on their shoulders as part of a ceremony to celebrate the building of a new Tongkonan (A traditional Toraja domicile).

Will bank stocks once again outperform the market?

No private party would buy such an asset.

Once the music stopped, the assets plunged in value.

Rising asset prices follow from this psychology.

In my opinion, we need to diversify our assets.

Argentina's wealth is now vacationing in Miami, perhaps for good. Brazil and Mexico are prime examples of countries that sold assets and borrowed rather than saved.

Brazil and Mexico are prime examples of countries that sold assets and borrowed rather than saved.

First, it does not require government regulators to decide how much individual assets are worth, because private markets value toxic assets.

And that raises serious questions about the wisdom of China s massive investments in dollar denominated assets.

Yields on Spanish and Italian government bonds have been inching up again, and equity investors mood is souring.

In the United States and Canada, Bayer's assets and trademarks were acquired by Sterling Drug, a predecessor of Sterling Winthrop.

As American assets have lost their attractiveness, their prices have dropped.

But turning them over to the government at market value doesn t improve banks balance sheet to do that requires overpaying for the assets, a transfer of wealth from ordinary taxpayers to the banks..

The scramble for available assets and a dangerous euphoria may occur through purely domestic mechanisms.

By investing in American and European assets, Russia s government and business elites are buying a stake in the global economy.

It can ask the central bank for help and sell some of its assets for cash.

That will sharply reduce the pace of foreign exchange accumulation and cut into China s open ended demand for dollar denominated assets.

The EU must freeze these individuals assets and impose an EU wide travel ban on them.

The state affects asset prices indirectly through its influence on inflation, interest rates, and the strength of the currency.

Some recent rises in the prices of equities, commodities, and other risky assets is clearly liquidity driven.

This time, maybe confused or discouraged by the military disaster in Somalia, the international community remained silent, and somewhere around 800,000 people were slaughtered by their own countrymen sometimes their own neighbors using farm implements as weapons.

The difference is that the assets are private and the debts public.

When assets are seen as less risky, their prices rise.

That is enough to shake asset prices worldwide.

But is the recovery of asset prices driven by economic fundamentals?

Asset purchases have no balance sheet effect, because assets replace money.

Of course, farmland is much less important than other speculative assets.

After all, where else would they place their asset bets?

That is fine in theory, but where do such assets come from?