“Money Losing Companies Hits Record High”

It seems corporate America has adopted MMT. At least that’s the conclusion you could draw by looking at this chart below.

And if that was your conclusion, then the implications are clear; The stock market is a house of cards.
Thanks to a new report from Michael Mauboussin and Dan Callahan, we know that there is more to the story than meets the eye. What’s really going on in this chart is the rise of intangibl…

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