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Economists are famous for being more inscrutable than Charlie Chan.  Whoever came up with this Peloton explanation clearly had grounding in economics theory:


 It [Peloton] also reported a “material weakness” in its accounting processes that spooked investors—shares fell more than 6% after hours.


So just what is a 'material weakness'?  That is one of the most euphemistic phrases for 'we were cheating and got caught and we're hoping nobody really notices' I've ever heard.


I'm reporting a material weakness in my calorie count today.

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