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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: yard_man who wrote (7868)2/12/2004 3:30:46 PM
From: russwinter  Read Replies (1) of 110194
 
<you are confusing capacity at the primary stage with later stages of production. >

No confusion on my end, perhaps yours? I'm talking about the late stage capacity that has largely been shut down over the last few years. The list of plant closings for example. Mostly obsolete capacity now, not excess.
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