Saturday, January 31, 2015

YoY Fiscal Snapshot

FYoY chart below.  We're up about $44B YoY with one more statement-day to report.  This is an easy YoY comp as last FY the "shutdown" resulted in a unique drop-off of around $35B in Q1.

To look at the FY2013 comparison for example, we are actually DOWN by $9B, YoYoY at the same point.

Enough to maintain output, employment and corporate profits at basically the current levels with a very slight upward bias.

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