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Thanks for an excellent analysis. It could be noted that the little spike above the upper trend line to the far right in the first graph ("Compensation of employees") was the result of support payments for people associated with the Covid shutdown.

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Stephen Yearwood
Stephen Yearwood

Written by Stephen Yearwood

M.A. in political economy (money/distributive justice) "Please don't confront me with my failures/ I'm aware of them" from "These Days," as sung by Gregg Allman

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