Category: Forensics

Our financial reporting system is under siege as never before. Corporations are under intense pressure from shareholders to meet or exceed earnings targets. Globalization continues to relentlessly compress profit margins. The...

Balance sheet fiction continues unabated, as evidence mounts that banks are creating bogus loan modifications to avoid having to write down loans and destroy capital. A recent article in the Wall Street Journal, here, highlights...

The US housing market remains on federal life-support as recognition of the government’s housing liability will wreck its balance sheet If there was ever any doubt that the US housing market was being artificially supported by...

Michael Burry, who accurately predicted the housing calamity long before anyone else, offers insight into the behavior of crowds, and those that move against them. Michael Lewis’ article in Vanity Fair, here, is a short...

A recent study by three University of North Carolina researchers indicates that market short sellers profit from their enhanced ability to discern publicly available information, not from market manipulation or insider...

A profound essay suggests that empires operate somewhere between order and chaos, and there comes a moment when great empires can be collapsed by seemingly minor disruptions. Niall Ferguson, the Laurence Tisch Professor of...