Nonetheless, it is reasonable to surmise that undercapitalized expenses have been rising sufficiently faster than reported earnings to have more than offset the factors that have temporarily augmented reported earnings.
In most cases this then leads to the inferior, sub-optimal results instead of the optimal ones. Consequently, I would say that there is a tendency for the global economy to face a situation in which the trend  2  BIS central bankers’ speeches  shown is for any problem once it arises to instead of improving rather worsen.