Erik, for the Corporate Profits statistics and charts you have above, what is the group of companies? If it's large or publicly traded companies, I'm not surprised, although there are certainly losers in such a group - e.g. airlines, big hospitality. Much of the pain for business seems like it would be in small, and often privately held, companies such as local retail and small hospitality groups. I wonder if the impact to them is included.
Erik, for the Corporate Profits statistics and charts you have above, what is the group of companies? If it's large or publicly traded companies, I'm not surprised, although there are certainly losers in such a group - e.g. airlines, big hospitality. Much of the pain for business seems like it would be in small, and often privately held, companies such as local retail and small hospitality groups. I wonder if the impact to them is included.