tag:blogger.com,1999:blog-7169279.post111360788438754039..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: PepsiCo’s earnings fizz in first quarterDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7169279.post-1114752102603353762005-04-28T23:21:00.000-06:002005-04-28T23:21:00.000-06:00-1 on Ace's and Trudy's comments for a capitalizat...-1 on Ace's and Trudy's comments for a capitalization errors.<BR/><BR/>There are two reasons not to read too much into this number.<BR/><BR/>First, $6.59B as a percentage of what? Large companies can make a lot of money without doing particularly well.<BR/><BR/>Second, 7% growth is not out of line. This is a nominal figure. The national economy did about 4% last year, with inflation just over 2%Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.com