Clearly, there is something the market is responding to. But there is nothing specific that I've heard. |
Costs fluctuate every day, almost every hour. You would have to assume that every other relevant factor . . . would remain the same to know how much prices would fall. |
If you look at old pictures of China, they are all riding bikes. Now, they all drive cars. |
It's important to understand that even under the best circumstances we have a real supply imbalance that is growing every day. |
The place we are in took at a long time to get to and it will take a long time to get out. |
We are constantly in a volatile situation because of the tight worldwide supply-and-demand balance. |
We haven't had one built here in 29 years. This is simply a supply-and-demand issue. |