American Mike “Mish” Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management, who wrote the following analysis of the markets on November 28, 2012. Do you agree or disagree with his sentiments?
Many taxpayers are shocked to learn that the bushel of apples, gaggle of geese, or services of great variety, paid to settle a debt instead of cash, all have a commercial value that may have tax implications.