David Kelly Quotes
$11 billion of the $18 billion drop in inventories was in manufacturing, and there's an element of that which isn't a matter of U.S. factories humming along [to re-stock shelves]. In many cases, there simply isn't any U.S. factory any more, and some of this may be just a permanent reduction in inventories. 
Tweet
Billion | Drop | Inventories | Manufacturing | Element |
comments powered by Disqus
The American consumer really went spending in the fourth quarter in an extraordinary way, and what we're seeing here is confirmation of that trend.
- David Kelly
