While accounting rules are intended to foster transparency and facilitate accurate financial reporting, they can also mask the true financial state of an organization.
It has never been clearer that mass mental illness, far more than invented ‘fundamentals’, is what drives stocks higher in the late stages of a bull market.
After the smoke has cleared we can only hope for a return to the principles of DOGE and the idea that current levels of spending and debt are unsustainable.
Though unemployment is not rising much yet, a slowdown in hiring (new jobs) has become quite evident with one bad report followed by another abysmal report...
