Jim Sinclair yesterday on "fuzzy math"
"Fuzzy Math? Isn’t that just dandy where our auditing board is concerned.
I am glad that I am 68.
Is there a future for my grandchildren?
My answer is to leave them minerals, not cash, in order to give them some protection in an ever growing heartless and meaner world."
Big banks’ fuzzy math
JPMorgan and Wells Fargo play up an obscure measure of their profitability to show how strong they are - but surging credit losses may hint otherwise
(I must say that when I read the reality daily posted in Jim Sinclair's website I also prefer to leave my family the the nickel, PGM's ,Chromite and other minerals in the thick Noront stew and not cash)