To me, the business cycle is working as it always does, absent an external shock. Inventory liquidation means firms have to increase production, and they're already doing that. They're also increasing the length of the work week and hiring temporary workers. All these things support income and spending.

Wayne Ayers

Absent Business Cycle External Firms Inventory Liquidation Means Shock

Related Quotes

This liquidation has been so sharp, so severe, not just in this last quarter, but over the past year, that even with a modest pickup in demand, production is almost bound to increase as we move through the balance of this year.

— Wayne Ayers

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These numbers are slightly dated, but they show that the inventory liquidation period is over, and that (the) drag on the economy is probably behind us.

— Gary Thayer

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We have probably hit the bottom in inventory liquidation, and hopefully we are actually now rebuilding inventory,

— Sung Won Sohn

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And they shall by no means be absent from it.

We do 40% of our entire business during the fourth quarter.