World stocks nosedived and demand for safe-haven bonds and currencies soared on Monday as fears gripped investors that a deteriorating U.S. economy would drag others down with it. Will Wall Street join the global equity markets plunge—that may usher in a bear market—when trading resumes on Tuesday?
I just wrote a post on what bear markets will mean for the economics of pension funds and how most of the losses won't be reported. You can read it, and other posts on financial reporting (including SEC developments) at www.accountingonion.com.
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