It's the deluge of near-worthless paper assets that buries us for years to come.
They consist almost entirely of portfolio flows: foreign investors looking to buy shares and other paper assets, not FDI.
Be wary of outfits that have a high ratio of debt to tangible net worth (that's the net worth minus paper assets like goodwill).
They told us that SCF was based not on forbidden interest and speculative paper assets, but profits through equity participation and sound investing in real assets.
They dabble in conspiracy theories and talk of the collapse of civilisation and the need for investors to sell all paper assets, buy gold and retreat to Idaho.
To get there, it buys not only government paper but also riskier assets such as exchange-traded funds.
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That is, China is using its paper reserves to buy real assets in the ground.
Most of these SIVs have now been shut down after failing to roll over their commercial paper last winter because their assets were largely American subprime mortgages.
Some investors are nostalgic for earlier times when tangible assets looked safe as paper stocks fell.
The Kochs are wedded to solid assets like refineries and paper mills.
The less charitable interpretation is that the central bank has softened the penalty for banks that have funded purchases of very illiquid assets with short-term paper.
Creditors have sued Gabayzadeh and his business partner, Nourollah Elghanayan , for fraud, alleging they inflated American Tissue's assets to secure financing for paper producers they held separately from American Tissue, leaving American Tissue's lenders with little.
It pumps millions into Internet upstarts with no earnings, few assets and little more than a paper game plan for conquering cyberspace.
Apart from a rise in demand for jewellery, the rise in the price of gold may, at the margin, reflect demand for real, hard assets, as opposed to the paper sort.
But compared with Western banks, which hold lots of esoteric securities, its assets are skewed towards bonds and paper that can be used as collateral to borrow from the Central Bank, lowering funding risk.
Substantially most of the assets are being bought out by Kapstone Paper (KS).
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If digital photography sales bomb, Plaza Create will end up with a lot of costly assets that do nothing to boost its paper-thin 1.1% net profit margin.
Investors, worried about inflation and higher interest rates, have sold off risky assets, and just about any piece of paper from Latin America is risky.
Demand for gold appears to be fueled by uncertainty and a move toward hard assets that provide security beyond a piece of paper that can be debased by the printing press.
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On the first, Harald Benink of Maastricht University and George Benston of Emory University told the conference that deposit guarantees should be explicitly confined to accounts paying a relatively low rate of interest, and that these insured deposits should be more than fully backed by safe liquid assets (such as treasury bills and commercial paper).
The Fed banks began buying risky assets on a large scale: longer-dated Treasury paper and mortgage securities.
But the paper said a key condition would require Shi to provide his own personal assets to guarantee that those bonds would be repaid.
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He's seeking to obtain the assets of bankrupt Oriental Photo Industrial, Japan's first photo paper and color-film maker.
Scottish ministers - who will publish their substantive case for independence in a white paper later this year - said a "Yes" vote would allow Scotland to use its natural assets to build a better country.
Known as conduits, these special-purpose vehicles borrow in the short-term, commercial-paper market to make acquisitions of highly rated paper in American asset-backed securities, and have been walloped by the plunging value of those assets since the frailty of subprime loans were exposed.
So people who worry about the Eurosystem needing to have assets that back its liabilities (not me, as you can see if you read the paper).
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In the calls, the men discussed everything from the sale of city assets to who should head the Prague branch of the state health insurer, according to the paper.
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Slow to sniff trouble at Enron, retail investors suffered when fund managers sold liquid assets to finance withdrawals from better-informed institutional investors, leaving individuals stuck with mostly illiquid paper.
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Against these assets, the ECB lends to Ireland, Portugal, Spain and other needy states, taking their paper in return.
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