But more accounting-typical would be to just post the firm's net book-equity position to their balance sheets, making the leverage invisible there. In practice, of course, at least for exchange-traded C-corps, we post market value of shares on SH balance sheets, not book-equity value. /fin

Yeah fer sure on a and b. But just the accounting: if you "telescope" the As and Ls through onto the shareholders' balance sheets, imputing ownership/owership to them, the leverage is then visible on their balance sheets. 1/

Borrowing adds As and Ls equally. No ∆Equity.

If assets yield same return as existing, PLUS the new interest expense, then more $ RoA while $ equity's unchanged: +∆% RoE.

Are you thinking about the actual amount of return, or the percentage rate of return?

This editorial is replying to a speech that the editorial board seems to have made up in its head.

Curious that they had to link to a British newspaper to even see a copy of the speech…

Also, on the projections: tough one. The full impact off TrumpCo's sweeping, radical changes could "bite," any time...

Just to note that the image displayed here is only through 2016. Full image from the link:

Yeah. Or could just be titillation, Jerry Springer-style...

Our law enforcement officers trend in the fact that being rude to law enforcement officers is not against the law?

I would be all for a eastward jog up to my place on the Ridge, but 15th to Holman would probably serve more people conveniently and I’m guessing be a lot cheaper… ?

Perfect. One of the hardest things in this game is knowing how many *incrementals* you’re getting, that you wouldn’t have gotten otherwise.

Me, I click on those ads even when I’m already planning to buy, just to make the advertiser pay for that sale.

Even took the upper east side.

I’m guessing unintentional but: sounds like it is one for those who don’t live in those four + a few random places…

Yeah, it really bothers me when JG supporters trot out the "dignity of work" argument...

👍👍👍https://bsky.app/profile/steveroth.bsky.social/post/3m4qf74texc2k

Indeed. Even not having ("creditable" IOW low-deductible) insurance served as a pre-existing condition. Had to buy utter crap, ripoff short-term insurance for ?a year? before you could get "creditable" insurance. I was there, young healthy fellow w/ catastrophic insurance only, then got a family...

One in Seattle please? I’m as new to it as they come. Only a few edits so far, and somewhat daunted at the learning curve.

Yeah and inequality researchers both left and right made much more of that little wage bump coming out of Covid than it in any way merited. (Likewise bottom tier wealth runups.)

FRED only has equity price indexes going back that far. Grrrrrrr. Could pull the data to excel and extend it, of course, but…