Liquidating business assets

Adding those two numbers together produces a (reported) total asset number of $187,813 billion, pretty close to the $200 trillion number I wrote about at the top of the story.(The number would have been much closer 2 years ago before the recent drop in asset values.) Unfortunately, I have no idea what to call this number because it leaves out so many huge question marks.

Until the surprise arrests of dozens of people last weekend, Saudi Arabia’s elite was the darling of Deutsche Bank, UBS, Credit Suisse and other global banks seeking to manage their wealth.If I weren’t so lazy I could dig up numbers to at least approximate the values of some of the question marks in the table.Farms own land and tractors, banks own buildings and ATM machines, governments own all sorts of crap including nearly a billion acres of land and all those cars you see on the highway that don’t have to buy license plates like you and me. For today’s purposes all we have to know is that these things would add up to a very big number. It is to show you that the balance sheets are so big that almost any analysis of the economy that focuses on spending or saving or budget deficits alone, to the exclusion of the balance sheet, is almost certain to be wrong because balance sheet changes are so big.Some Saudi billionaires and millionaires are selling investments in neighbouring Gulf Cooperation Council (GCC) countries and turning them into cash or liquid holdings overseas, the people said.

They spoke on condition of anonymity because of the sensitivity of the matter.

“There is a growing perception that governance is becoming increasingly arbitrary or at least less rule-based.” ​The central bank asked lenders in the kingdom to freeze the accounts of dozens of individuals who aren’t under arrest, as well as the assets of those being detained, people familiar with the matter said.

Liquidating business assets comments

  • Superseded Standards - FASB profil de paulette60


    Statement No. 168 Superseded The FASB Accounting Standards Codification ® and the Hierarchy of Generally Accepted Accounting Principles—a replacement of FASB.…