The rate at which industry demand continues to disintegrate in late 2008 is startling. Alarms have been sounding since the financial crisis swelled in September, pushing anxious consumers and industrial buyers to the sidelines worldwide. Inventory depletion...
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Comments(1) for Free Falling
1.
Rob,
This kind of downturn is not new and is more inventory correction than economic downturn. Final chemical demand is down with economy, which is only down about 2 percent so far. See data for 1974-5 and 1980-81 in particular. Volumes will pick up even if the economy does not.
Frederick M. Peterson Probe Economics, Inc.
Posted by Frederick M. Peterso on Saturday, November 29, 2008 @ 05:30 AM
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This kind of downturn is not new and is more inventory correction than economic downturn. Final chemical demand is down with economy, which is only down about 2 percent so far. See data for 1974-5 and 1980-81 in particular. Volumes will pick up even if the economy does not.
Frederick M. Peterson
Probe Economics, Inc.