We have probably hit the bottom in inventory liquidation, and hopefully we are actually now rebuilding inventory,
We're going to get an economic boost from not only production, but from inventory buildup during the current quarter, and probably for the balance of this year.
The third cylinder of economic growth is beginning to fire, ... The other two cylinders are inventory swings and consumer spending. Outside of telecommunications and airplanes, business capital spending has begun to improve already, beginning in the first quarter.