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To: Joseph G. who wrote (4104)	8/20/1998 11:39:00 PM
From: yard_man	Read Replies (1) \| Respond to of 86076

>>inventories went up<< Got some numbers there. Don't doubt it, just curious to what extent. Don't disagree with what you said. Inventories are the lag. Perhaps things are much worse than the -2% suggests once the inventories are considered. Funny how the economists only tell us about how little we are dependent on Asia to sell our goods, but fail to mention effects of their cheap goods coming over here and elsewhere -- where we compete. Why do you figure? Seems like this would have the larger impact on us and ought to be discussed first.