What it suggests is that the pace of growth, although pretty robust, is likely to slow a bit going forward. |
With Greenspan next week, if there is any sniff that maybe they are coming close to the end of their tightening, then maybe these flattening trades are not going to pay off as much as they have already, and that is why people are being a little more cautious about the flattening trades. |
You can only run down inventory for so long. |
You can't look at these numbers and say things are going to be booming going forward. |