M0 Money, M0 Problems: Expect Massive Inflation in 2009 and Beyond

The conventional wisdom is that the year 2009 will be a tough one. We’ll all have to cut back on spending, get our debts under control, skip the annual family vacation, and clip coupons, but by 2010, we’ll have a “return to normalcy.” Unfortunately, this just isn’t in the cards. The era of Permanent . . . → Read More: M0 Money, M0 Problems: Expect Massive Inflation in 2009 and Beyond

Revenues accrued and booked, but never realized

Lok Housing & Constructions made the following disclosure during the just concluded Dec’08 quarter:

The global economy in general and the real estate industry in particular is passing through recessionary scenario, which has resulted in to financial melt down of un-precedential scale. From time to time the Company had entered several agreements for . . . → Read More: Revenues accrued and booked, but never realized