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Profit problems.

Publication: Investors Chronicle
Publication Date: 08-JUL-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
I suspect we might be facing a really bad time for corporate profits. Of course, 'analysts' won't tell you this - but they're just cheerleaders without the nice legs. To see what I mean, consider a national accounts identity. This tells us that corporate profits are the sum of four things: the trade surplus, the government's budget deficit, investment in plant and inventories,...

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