The Markets Are Waiving A Huge Red Flag—The Chart Book Evidence

Oh, it’s a huge red flag. Look, at the end of the day, we can manipulate the bottom line of earnings statements all we want. But if I’m a business, look, I run three businesses, and if I don’t have revenue coming in at the top line, I can manipulate my bottom line through accounting gimmicks. I can do some wage suppression. I can layoff all of my employees. I can maintain an illusion of profitability for some period of time, but at some point, I’ve got to have the revenue, which is what happens at the top line of the income statement.