Average earnings growth in the most recent quarter 12.8 per cent, down from 26 per cent in the March 2004 quarter. But did anyone think 26 per cent was a growth rate that could be maintained? Three out of four companies earned more than expected and profits rose by almost 13 per cent, off the higher base that last year’s earnings bounce created. That doesn’t sound like wrist slashing news to me. 100% polyester. Imported. Main dual zip compartment for…