Friday, October 21, 2016

The Awesome 'Power' of Fake-Believe

Sugar coating collapse so that it can be spoon fed to an aging Idiocracy incapable of accepting even the smallest grain of truth, is the business model of today's lamestream corporate media...

CNBC Oct. 21, 2016
Don't Be Conned By Fake Earnings 'Beats'

One would be led to believe that following tens of thousands of layoffs and 20 years later, Microsoft market cap would be orders of magnitude greater than it was in Y2K. However, owing to the fake-believe 'power' of stock buybacks, one would be wrong:

The share price is at a new high, the company has lost 25% of value in 20 years...

GAAP S&P earnings with Fed rate and stocks: