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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: gg cox who wrote (138847)	2/1/2018 2:37:51 PM
From: Elroy Jetson	1 Recommendation Recommended By gg cox Read Replies (1) \| Respond to of 221944

GE became a box of financial lies under the leadership of Jack Welch and the financial collapse in 2006-2008 took away all of their tricks. Most of the tricks GE used are those Chinese firms are now using. "Sell" big ticket items to customers who obtain the money to for pay for your products from you or your government. People "bought" locomotives, jet engines, MRIs and lots of other high-ticket items from GE with long-term below-market financing provided by GE - or most often, GE bought their products from themselves and leased it to you at lower payments than the real market could support. GE booked profits for selling their goods to their financial company and their finance company took huge risks by borrowing money for 30 days to fund financial commitments decades in duration. Now minus their financial rat-bag they have to report their real numbers which are never very good, and periodically have to report additional losses on liabilities their long-gone financial arm racked-up for them. Many Chinese firms are now a box of lies, like GE was, looking better and better riding on the back of the largest credit bubble of all time. A box of lies can be so attractive, investors might price it at 25 or 100 times "earnings".