Glossary of the new economics
????By Stanley Bing
????Debt: What you buy things with.
????Cash: Employed to buy debt.
????Profit: What’s left after Generally Accepted Accounting Principles takes the rest.
????Revenue: What you see in 120 days.
????Interest: What they used to give along with the toaster.
????Free Market: see Unregulated Market.
????Unregulated Market: See Ponzi Scheme.
????Ponzi Scheme: The manipulation of markets by experts who use other people’s money to get rich.
????EBITDA: See OIBIDA
????OIBIDA: Yet another acronym.
????Cash Flow: The actual amount of money an enterprise has on hand. Generally disregarded by Wall Street analysts in favor of Earnings Per Share (EPS).
????EPS: Cash that is left after the business does anything worthwhile. The figure is distorted by all sorts of one-time expenses, accounting tropes, write-downs, restructuring charges and other non-cash items.
????Capitalism: The manipulation of markets by experts who use other people’s money to get rich.