It is all okay. We live in upside down land. My favorite statistic is contracting at a slower rate than before is actually growth. It is all okay!
Or how about spending more, but not as much as you previously said, so that is cutting spending.
Or adding debt is actually increasing capital. Sure.
Or booking future sales as profit now is under GAAP rules. Yup.
Or selling 2% more than the previous month while still being down 20% year over year is a recovery??? Reminds me of the Arab spring! Things look great until they don't.
Last month my house lost $10k in value but this month it only lost $8k. That means my house actually increased in value by $2k? What the hell kind of math is that?
How anyone can actually spout this garbage with a straight face is beyond me. What makes me crazy is that governments/politicians/MSM/investors/Americans actually buy it!!! It is all okay!
CEO & Partner, Parisian Family Office. Began Wall Street career in 1982. Founded investment firm, Native American Advisors, 1995. White Earth Chippewa, Tribal Member. Raised on reservations. Conservative. NYSE/FINRA arbitrator. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from Ghost Ranch on the Yellowstone River in MT, TN farm, Pamelot or CASA TULE', their winter camp in Los Cabos, Mexico. Always been, and will always be, an optimist.
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