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|User Info||But But But The Economy Is GROWING!; entered at 2018-01-08 09:27:59|
Registered: 2007-09-10 Scottsdale, AZ
It doesn't take any extra energy to issue debt and buy back your stock. Nor does it use energy to remove all accounting standards and make up your earnings.|
All this phony growth is on more and more debt being issued and of course ignored when we look at the balance sheets. Look at McDonalds balance sheet and look at the book value of the stock minus the debt.
Will the retailers book write offs on holiday returns? Nope......They will use the current accounting standards and call them a one time write off and ignore them like everything else. Everyone is looking the other way and calling this growth.