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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Mike M2 who wrote (12941)1/7/2002 5:41:53 PM
From: AC Flyer  Read Replies (2) | Respond to of 74559
 
Interesting article, but the data is open to interpretation. Not necessarily negative, imo. My take is that we are experiencing a long term secular downward trend (you can see this in the chart you linked to) in profits as a percentage of GDP as global competition forces companies to become more efficient and compete on price. Now impose a cyclical recessionary slump in profits onto that secular trend and here we are. Doesn't mean that we are about to fall off a cliff. If you looked at revenues per employee or profit per employee, you'd see a completely different (very positive) picture.