According to the WSJ companies are now following the corrupt government in cooking their books to create fake profit numbers so their stock price won't fall....
A report published Thursday by research firm Calcbench compared the net income based on accounting standards for 200 randomly selected companies in the S&P 500 with their adjusted net income, which can include or exclude items that would normally be counted. The adjusted numbers were higher by $1.1 billion on average last year, an increase of more than 130% over a similar sample from the year prior.
Another measure used to predict the likelihood of earnings flattery is the Beneish M-score, named for its creator, Indiana University accounting professor Messod Beneish. Recently, academics found the aggregate score of a sample of nearly 2,000 companies was at its highest level in more than 40 years, the most recent data shows. Historically, the aggregate score peaks ahead of a downturn.
https://archive.is/gjmHF
Business Is Slowing. So Companies Are Juicing Profits.
Reallocate costs. Unwind charges. Delay depreciation. Companies are using nontraditional ways to boost the bottom line.
One way companies are trying to make their results look better is to provide numbers that don’t adhere to accounting standards—what are often referred to as pro forma measures—alongside the official data.A report published Thursday by research firm Calcbench compared the net income based on accounting standards for 200 randomly selected companies in the S&P 500 with their adjusted net income, which can include or exclude items that would normally be counted. The adjusted numbers were higher by $1.1 billion on average last year, an increase of more than 130% over a similar sample from the year prior.
Another measure used to predict the likelihood of earnings flattery is the Beneish M-score, named for its creator, Indiana University accounting professor Messod Beneish. Recently, academics found the aggregate score of a sample of nearly 2,000 companies was at its highest level in more than 40 years, the most recent data shows. Historically, the aggregate score peaks ahead of a downturn.
https://archive.is/gjmHF
?????? Biden admins lying about jobs again
US national debt, 1960: $286 billion
US national debt, 2023: $31.4 trillion
Are our roads better?
Are our streets safer?
How about healthcare?
Is it easier to raise a family?
Did we improve our schools?
If not, then what the hell did they do with that $31,124,000,000,000
US national debt, 1960: $286 billion
US national debt, 2023: $31.4 trillion
Are our roads better?
Are our streets safer?
How about healthcare?
Is it easier to raise a family?
Did we improve our schools?
If not, then what the hell did they do with that $31,124,000,000,000
https://www.politico.com/news/2023/06/05/mortage-interest-rates-property-values-00094969
The next big threat hovering over the U.S. economy
Some $1.5 trillion in mortgages will come due in the next two years, a potential time bomb as higher interest rates push down property values.“Am I worried? The short answer is yes,” Sen. John Kennedy (R-La.), a senior member of the Senate Banking Committee, said in an interview. “The long answer is hell yes.”
While Biden brags about a low unemployment rate keep in mind that inflation is still at a 40 year high which is requiring people to work more than 1 job, people are coming out of retirement to supplement their income, people are doing everything from Door Dash to donating plasma in an attempt to keep up with the cost of living all while Biden goes on vacation in between sending billions to Ukraine and China. While US citizens are choosing between rent, medications, food and gas Biden is handing out cell phones, hotel vouchers and $800 to each illegal immigrant.
question given to Janet Yellen today .... and her, erm, answer
Q: “What if China, in response to sanctions, would dump 859 billion dollars of treasury securities?”
A: “We haven’t thought about this.”
just a reminder she's the Sec of Treasury responsible for economic policy in USA. She also probably thinks a strong economic indicator is Taylor Swift selling out concerts
Q: “What if China, in response to sanctions, would dump 859 billion dollars of treasury securities?”
A: “We haven’t thought about this.”
just a reminder she's the Sec of Treasury responsible for economic policy in USA. She also probably thinks a strong economic indicator is Taylor Swift selling out concerts
University of Chicago professor Casey Mulligan recently compared regulatory records from the Obama Administration to now. Mulligan found that Biden has imposed the most costly regulations in recent history at a rate of $617 billion annually. Her research concluded that the average American household now pays $9,600 more under Biden.
