And, for the latest 12-month period, we required both positive earnings and positive excess cash flow.

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In summary, I believe that these recent price increases are more attributable to the excess liquidity in the financial system than a sudden positive shift in global economic fundamentals.

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And the trend remains very positive -- 2.1 million private sector jobs -- in excess of 2.1 million private sector jobs created over 15 months, and sustained economic growth for seven months -- seven quarters, rather.

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