>   
>   (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 on, this is a strong relationship, except for a few quarters around 1997.
>   I’ll follow with another chart in a minute.
>   
>   The Senate run is improving your visibility – plus I am seeing Chartalism everywhere
>   now. It used to be fringe, now many people use it as a given…
>   

Good to hear it, thanks!