Even “Flim-Flam Accounting” Can’t Hide This Profitless Recession
by Tyler Durden
ZeroHedge.com
03/07/2016
If you think all this is a solid foundation for ever-higher profits, by all means go buy stocks with all four feet. But don’t be surprised if the rest of the market disagrees at some point – for example, when even flim-flam accounting can’t hide the fact that profits are in a free-fall back to “normal” levels 60% below current levels.
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