I have generally understood the term to mean increased earnings from higher sales or lower costs vs. one-time events or tactical accounting or some such.
hm, OK thanks. And I guess she is saying that those gains wouldn't be reflected in the normal GDP calculation? (So high market price is warranted). Not clear to me why that would be the case, but I'm not an economist.
Can you explain Cathie Wood's tweet? I don't understand what she means by "quality of earnings". Thanks.
I have generally understood the term to mean increased earnings from higher sales or lower costs vs. one-time events or tactical accounting or some such.
hm, OK thanks. And I guess she is saying that those gains wouldn't be reflected in the normal GDP calculation? (So high market price is warranted). Not clear to me why that would be the case, but I'm not an economist.