Have you ever read a financial article loaded with goofy acronyms and wondered what they meant?
Don’t feel bad.
The boyz in the “Club” do this on purpose to keep you confused.
The acronyms help them cover-up how they lie, cheat, and steal from the average guy.
This is why we’ve compiled a list of these deceiving acronyms and explain them to you “…In Plain English.”
Check out three examples below:
MTM = Mark to Market
Translation: When the markets close each day, the bank/brokerage firm/hedge fund manager, is required to publish a price for any security they have (Stocks, bonds, etc.). They are supposed to “Mark” the price to the “Market” value. But that’s not always the case (See MTF).
MTF = Mark to Fantasy
This is a fund manager’s wet dream.
After the 2008 meltdown most banks were stuck with mortgages (and other bonds) that had fallen to 50% of their original value. (Some worth even less). Their partners in crime/regulators allowed them to price them at full value.
Yes, you read that right.
This is what we call Mark to Fantasy. The banks were allowed to cover-up their losses by pricing these garbage bonds at FULL VALUE giving the impression that they were solvent. (And they’re still lying about them today).
It reminds me of the old saying “You can polish a turd all you want, but it’s still a turd.”
MTMM = Mark to My Model This is kinda like Mark to Fantasy.
The difference is, a bond manager will justify (to the regulators or his bosses) how he’s pricing his bonds by saying something like: “I know what the standard model of pricing says, BUT MY MODEL says…”
This is obviously larceny but, as you hopefully know by now, the “Club” looks out for its privileged members.
We have TONS of annoying acronyms that you can access for FREE. (click HERE)
We’ll also show you how to use them to profit in turbulent times (HERE).
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