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n Business consolidations will eliminate substantial redundancies in many industries.
n Business investment is now unsustainably above corporate aftertax profits, according to J.P. Morgan's O'Sullivan (see top chart, p.22).Over the last 40 years this has almost invariably heralded a recession.
Based on the proposed model, we assume that a business stream H consists of N business nodes (X 1, X 2, X 3, X 4, …, X n-1, X n ).
n Business investment is now unsustainably above corporate aftertax profits, according to J.P. Morgan's O'Sullivan (see chart, above).Over the last 40 years this has almost invariably heralded a recession.n Capacity utilization, in O'Sullivan's view the key factor, is falling sharply.
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