Im pretty sure cortizone doesn't have any anabolic or androgenic properties.
No it doesn't.
It reduces imflammation..hence the water bloat/or forcing the body via shots responding to pain in the area but not enough nerves or blood supply so you force the medicine there.
Reading a runner's magazine before always recommended not using any Cortisone shots...Only hear people re-injured the area a few months later.
It a crap shoot choosing either to reduce the swelling via ice and rest and letting the body part heal or using the shots to reduce inflammation and going on ahead as if nothing happened in that area only to hurt it again and/or swelling up via the shots and the body's response to the area so it's 2 fold.
I once was asked if i wanted a Cortisone shot and I refused so I don't know if the water retention is a problem.I can image the body part being swollen anyways/or the body just hasn't response to the area being hurt yet.Yes..it does weaken the tendons because of pain killing properties when say it takes a month to heal and one didn't rest it.Wear and tear comes to mind.
Never take those shots ever!