Dollars and Jens
Monday, February 16, 2004
Re: Economic Report of the President
Dean points out that days of sales in inventory are at a 50-year low, and assumes that they will increase. Now, I do assume that the part of the economic cycle we're in is depressing inventories, and that we're more likely to see increases than further decreases. But I would also suppose that, structurally, the economy probably doesn't require as much inventory as it once did -- that the Internet and increasingly impressive computer systems are allowing production to more closely match demand.

Powered by Blogger