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Thanks Jim, that helped a lot.

I was going to ask about whether a large portion S&P 500 sales growth coming from outside the US might bend/break the rule about real S&P 500 sales growth not being able to be higher than real US GDP growth, but I doubt the impact of that would be enough to make any meaningful difference.

Therefore I must concede that you're most likely correct about future real EPS growth being significantly worse going forward.

Thanks for changing my view.
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