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Strategies & Market Trends : News Links and Chart Links
SPXL 222.70+1.6%Nov 28 4:00 PM EST
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To: Les H who wrote (4900)1/18/2003 1:36:14 PM
From: Les H  Read Replies (1) of 29600
 
Shop till we drop?

thenation.com

Tied to an increasingly integrated but keenly competitive global production system and market, the US manufacturing sector saw its profits stop growing after 1997. By the end of the decade, the gap between capacity and output was, according to The Economist, the largest since the Great Depression. By April 2001, practically all key industrial sectors were suffering tremendous overcapacity, with the worst situation existing in the telecommunications sector, where only 2.5 percent of the infrastructure laid down was being utilized.
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