A collateral haircut is a financial term encompassing one thing: Devaluing Of An Asset.  Oh this is not the official definition by far. However it will do just fine depicting what we will see happen to liabilities that we have been led to believe are assets.  You see we call things like savings, our homes, 401k’s, and pensions assets. But truly they are really liabilities.  Why, because simply the banks label them as liabilities.  For us truly to understand the world in any form of meaning we have to understand the thinking of Bankers, Central Bankers in particular.  For nothing […]