Quoting the Crisis28/09/2009
“ When an asset bubble boosts corporate profits, it seems benign at first. Nobody sees the harm. However, when businesses earn profits from the investments in each other rather than their corporate businesses, their operating profitability deteriorates because they don’t invest in their core businesses anymore. Accounting profitability is just a bubble. „
Andy Xie: What We Can Learn as Japan’s Economy Sinks | The Big Picture
Quote posted at 15:20
