Monday, July 29
This is a fairly trenchant prediction of how the economy and the stock market might relate to one another after the effects of the current economic “bubble burst” dissipate. Let me add one thing: We'll see a return to business models that *always* work. That is, create a product or service, and then sell it for a price greater than the sum of production, distribution, marketing and overhead. It seems so simple…why is it recently so elusive to large corporations? Why is cooking the books so much more appealing? The reason seems pretty obvious: It has a lot to do with the Wall-Street-driven obsession with quarterly profits. Real life doesn't operate on a quarterly basis, but for some reason the stock market expects it to.
at 10:17 AM