Trevor Evans writes: But its interesting to note that today's Financial
Times (29 October, p. 14) carries an article by someone called Ricahrd
Waters, which says: 'Leaving aside the effects of lower taxes and declind
interest rates, the
profits miracle looks much less impressive. A return on
Thanks to Doug for reporting Anwar Shaik's evaluation of profitability.
But its interesting to note that today's Financial Times (29 October, p.
14) carries an article by someone called Ricahrd Waters, which says:
'Leaving aside the effects of lower taxes and declind interest rates, the
profits
Bill Burgess, Tom Walker, and others were talking about profitability. I
just looked at the profits/GDP series for a piece in LBO comparing the
present expansion with previous postwar US expansions. Not to give it all
away before it even reaches subscribers, I'll say that on most indicators,
the
