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That Wasn't the Bottom
The Compound and Friends
The Problem With Margin Structures
The rate of change to the downside is much slower than the rate of Look at each low and the unemployment rate. It is right before it's a fire. The problem in margins margins don't peak at a macro level because costs are going up Margins peak because you can't cut costs fast enough when you have a revenue shortfall. Even if you lay somebody up, you got to pay them severance.
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