Breaking News : World Banks on the Brink

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Sunday   April 5, 2015

World Banks on the Brink

by Tom Heneghan, International Intelligence Expert


source

UNITED States of America  -

 

Running Out Of Accounting Gimmicks: EPS Addbacks Surge Most Since Lehman

Submitted by Tyler Durden
Over the past month we have seen a veritable cornucopia of "worst since Lehman" announcements. And with 2015's first quarter earnings season about to be unleashed and lead to the first of at least three and likely more sequential Y/Y EPS declines in a row, we decided to give the "better than expected" Q4 earnings season - a season which would have been an absoolute disaster without the contribution of just one company - one last look. What we found was another indication that as we headed into year end we had, we just had another, you guessed it, "worse since Lehman" moment. 
The following chart created using Deutsche Bank data shows total quarterly, non-GAAP EPS for the S&P. On the surface the number is great, because at 30.35 it has never been higher. There is, however, a big red flag lurking just below the surface and flagged on the chart below appropriately enough, in red. See if you can spot it.   MORE

http://www.zerohedge.com/news/2015-04-05/running-out-accounting-gimmicks-eps-addbacks-surge-most-lehman

Japan Admits Fabricating 2014 Wage Growth Data
http://www.zerohedge.com/news/2015-04-03/japan-admits-fabricating-2014-wage-growth-data