Weekend Of The Long Knives: A Fed-Enabled Malefactor Named Apple, Part 3

The striking red line in the chart below is the ultimate manifestation of our boiling frogs metaphor. It is flat as a board and depicts the net income of the Almighty Apple Inc since September 2012. The embedded annualized growth rates  (CAGRs) compute to, well, snoozers: Eight-year: +4.1%; Three-year: +5.9%; Two-year: -1.7%; One-year: +3.9% So […]