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To: Cynic 2005 who wrote (212972)	1/8/2003 9:43:16 AM
From: yard_man	Respond to of 436258

C5 -- this is more important than folks think -- I have been harping on Al demand for a while. You have to think of the end uses: Cars, construction, etc. Auto demand that has been pulled forward 2-3 years, at least, has assured the collapse in consumer demand that will be the story of the first half of 2003. Home building and retail will be crushed -- the enactment of a fiscal stimulus bill now makes that clear. I suppose some rebound in capital investment might appear, but it will surely be transitory.