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ahhh, and after so much agreement all day,,,I hesitate to make this comment, but must,,,,I know it will not surprise you.  I think you are tarring a lot of good people with a broad brush with your negative comments on business.  Yes there are some bad actors in business, just like anywhere else in life.  but imho you are generalizing from a small set of bad actors and smearing a lot of good people.  

And it is the exception, not the rule, for a company to double its earnings from one year to the next,,,though I know the energy companies likely did it this year.  i don't have the numbers yet, but in the US I imagine earnings grew something like 12--22%, on average.

Happy New Year  -:)

by wchurchill on Mon Jan 1st, 2007 at 05:33:50 PM EST
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I agree, though my only corporate experience is in Finland, which I would say is not a typical business country.

You can't be me, I'm taken
by Sven Triloqvist on Mon Jan 1st, 2007 at 06:34:03 PM EST
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I read that if you remove energy and banking, S&P earnings stayed flat (or slightly decreasing) on average this year (that says a lot...).
by Laurent GUERBY on Tue Jan 2nd, 2007 at 03:33:36 AM EST
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sure, it says that in every up trend in the markets some segments lead, and some follow.  imho, it will be up again in '07, probably led by technology and some other sectors.  You can always back out the two lead sectors and find out it changes the results a lot.
by wchurchill on Tue Jan 2nd, 2007 at 10:46:22 AM EST
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I guess your right, I was exagerating somewhat - but living in a Pharma cîty, where the companies seem to reorganize and restructre continuesly (might be an exageration again, but it feels that way) letting go of people to save money, make those they keep work more and then read in the news paper that the profits have raised again and the top people get bigger boni (though not as big as in the US) it just makes me a little cynical.
by Fran (fran at eurotrib dot com) on Tue Jan 2nd, 2007 at 01:21:18 PM EST
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