…their earning, which leads to share price appreciation. Since retained earnings are part of national income, these capital gains are in effect included in our series on an accrual basis….

Update: By Dale Coberly (was inadvertently omitted as author, although regulars know and the label names him) SOCIAL SECURITY: IT’S JUST MATH or how to lie with numbers “Math doesn’t…

I think he may believe it’s good news that the S&P 500 forward valuation (what we believe we might make next year, having nothing necessarily to do with current earnings…

…sell produce no strings attached. I can sell eggs and processed foods with proper labels. I can sell 999 field dressed or customed chickens or 300 rabbits each year under…

…that what Musk and others label “waste” is usually unavoidable because of the way politicians have drafted our laws. For example, Social Security benefits are paid in the month following…

…Hunter Harrison, who pioneered a new business model called “precision-scheduled railroading,” or PSR, that has now been almost universally adopted by the nation’s major railroads. Despite its label, PSR has…

…This took billions of dollars from Cuba’s foreign exchange earnings, which are necessary for essential imports (80 percent of the country’s food is imported) and for economic stability more generally….