The Big Short isn’t over: Corporations brag about AI revenue and balance sheets while burying costs, layoffs, and silent debt

The Big Short wasn’t about 2008. It was about every earnings call you’re watching right now.

2006: lenders bragged about profits while delinquency rates exploded.

2025:
– Corporates brag about “AI revenue” but hide costs.
– They brag about “stable headcount” but bury workforce hollowing.
– They brag about “strong balance sheets” but roll silent debt.

Earnings are theater.
The truth is always in what they refuse to show.
We can all name a company doing that right now.