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Weekend Of The Long Knives: A Fed-Enabled Malefactor Named Apple, Part 3

Summary:
The striking red line in the chart below is the ultimate manifestation of our boiling frogs metaphor. It is flat as a board and depicts the net income of the Almighty Apple Inc since September 2012. The embedded annualized growth rates  (CAGRs) compute to, well, snoozers: Eight-year: +4.1%; Three-year: +5.9%; Two-year: -1.7%; One-year: +3.9% So […]

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The striking red line in the chart below is the ultimate manifestation of our boiling frogs metaphor. It is flat as a board and depicts the net income of the Almighty Apple Inc since September 2012. The embedded annualized growth rates  (CAGRs) compute to, well, snoozers: Eight-year: +4.1%; Three-year: +5.9%; Two-year: -1.7%; One-year: +3.9% So […]
David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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