>----- Original Message -----
>From: "Doug Henwood" <dhenwood at panix.com>
>> Profitability for non-financial corps rose pretty steadily from 1982
>> to 1997, and has been going sideways to down since.
>
>But over the period 1980-2000, it's still way off 1950-80 rates, you'd
>concede.
The peak was in 1966; it slid from then until around 1982, and then rose for the next 15 years. So the mid-90s peaks were below the peaks of the 1950s and early 1960s, but still a lot better than the 1970s and early 1980s. And the trend counts a lot, not just the level.
Doug