deficits vs corporate profits since 97

>    >   (email exchange) >    >   On Tue, Oct 12, 2010 at 11:31 PM, Michael wrote: >    >   Thought you might like this. There is a hugely strong relationship between deficit >   spending and corporate profits 1 year later. This is corporate profits with a 1 >   year lag, regressed against Quarterly debt to GDP. >    Yes, the old Levy profit equation from the 30’s maybe! >    >   From 1970 [...]