Dollars and Jens
Tuesday, February 17, 2004
Re: Economic Report of the President
I do expect just-in-time processing (did I get the lingo right?) will reduce required inventories, but I think a substantial portion of the push to that had been made by, say, three years ago; inventories have fallen substantially since then.

Actually, we seem to be in agreement here; inventories will grow, but not to historical levels. My emphasis is on the former, yours is on the latter.

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