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No data. No bank records. Just party line orthodoxy. That's when we needed actual bank reports --
The BIG LIE?
Easy peasy.
The AMERICAN DREAM is the biggest lie of all the lies we deal with.
The idea that with luck and pluck anybody can become a CAPITALIST.
No, at best most people can, with luck and pluck, can be solvent.
If you own your own business, and you work IN that business?
You are NOT a capitalist.
Capitalists do not work for their daily bread, their MONEY works for their daily bread.
But you don't have any, and you are making an error... ...ironic that you view government data as the only data that matters.No data. No bank records....
But you don't have any, and you are making an error... ...ironic that you view government data as the only data that matters.No data. No bank records....
Neat! Now I have to power to both present gov't data and at the same time not present any data at all. Am I great or what! Just the same, while flattery can stall me we're both still stuck with the fact that "...the lenders' profits exploded..." is both unsupported by and contrary to the facts on the table.
If assets explode higher, then ROA can remain constant while profits explode.
This is a very, very simply concept.
ROA = profits / assets
profits = $1
assets = $100
ROA = 1%
or
profits = $10
assets = $1000
ROA = 1%
See how ROA in both cases are the same? See how profits are 10x higher in the second example yet how ROA is the same in both?
Where is your evidence that assets exploded? If anything, they decreased since the value of housing has been on the declined ever since 2007.
If assets explode higher, then ROA can remain constant while profits explode.
This is a very, very simply concept.
ROA = profits / assets
profits = $1
assets = $100
ROA = 1%
or
profits = $10
assets = $1000
ROA = 1%
See how ROA in both cases are the same? See how profits are 10x higher in the second example yet how ROA is the same in both?
Where is your evidence that assets exploded? If anything, they decreased since the value of housing has been on the declined ever since 2007.
If assets explode higher, then ROA can remain constant while profits explode.
This is a very, very simply concept.
ROA = profits / assets
profits = $1
assets = $100
ROA = 1%
or
profits = $10
assets = $1000
ROA = 1%
See how ROA in both cases are the same? See how profits are 10x higher in the second example yet how ROA is the same in both?
What I'd be interested in is how profits 'exploded' when the ROA became negative.
Where is your evidence that assets exploded? If anything, they decreased since the value of housing has been on the declined ever since 2007.
If assets explode higher, then ROA can remain constant while profits explode.
This is a very, very simply concept.
ROA = profits / assets
profits = $1
assets = $100
ROA = 1%
or
profits = $10
assets = $1000
ROA = 1%
See how ROA in both cases are the same? See how profits are 10x higher in the second example yet how ROA is the same in both?
Somebody please ping me when the thread gets back to economics/numbers/data.
Where is your evidence that assets exploded? If anything, they decreased since the value of housing has been on the declined ever since 2007.
Not since 07. Beforehand. This explosion in assets in the 90s and 00s is a big reason why we collapsed. Google Shadow Banking System. Those are where the assets went.
