< meta name="DC.Date.Valid.End" content="20050825"> Amendment Nine: On the One Hand

Thursday, August 04, 2005

On the One Hand

The economy appears to me to be poised for sustained growth over the next three quarters. Good latent corporate demand, low inventory overhang (if any), and lots of talent on the cheap. Inflation is heating up, but not significantly impacting profits. Oil prices, the main source of inflationary pressure, are poised for a small albeit significant correction as the long-lead times begin to wane and more production comes online. From that point of view, things look pretty good. So let's start there, how good do things look to you?