@mattyglesias .... in FRED, and a chunk of the difference btwn S&P and profits goes away, but not all. See footnote 18 here 1.usa.gov/jn5brF
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@mattyglesias .... in FRED, and a chunk of the difference btwn S&P and profits goes away, but not all. See footnote 18 here 1.usa.gov/jn5brF