Corporat Profitability Is Cyclically Elevated and Structuredly Evolved

Corporation profitability is very sychlically elevated right now. And so, ou know, this is telling you that corporations are fill very, very fine and dandy about passing on the very aggressive rise in unit labor cost to consumers. That over allt reduces a level of demand in the broader economy, and in sows inflation, but also crushes growth in the process. On side 90, non we're taking the view that earnings estimates, much like consensus growth estimates, remain out to lunch.