One unique aspect of all current economic and earnings data is the distortion caused by comparisons to last year’s numbers, when most economic and business activities came to a halt as a result of Covid-driven lockdowns. We saw this ‘base-year effect’ in the recent
One unique aspect of all current economic and earnings data is the distortion caused by comparisons to last year’s numbers, when most economic and business activities came to a halt as a result of Covid-driven lockdowns. We saw this ‘base-year effect’ in the recent

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