The Importance of Profit Margins in the Second Half of 2018

I think there's no question that, you know, putting him back in prime time is just there is a question about that. And I say that because I do think it's harder to see how things will be better in six months than they are today in the real economy. My great worry has a lot more to do with sort of a sense that you live in some kind of stagflationary period for a long time. Yeah, it's such a random walk, right? We've been talking about a recession. It feels as if a recession has been a month off for about 18 months.