A not inconsequential proportion of the current liquidation undoubtedly is of imported products, and thus will presumably affect foreign production, but most of the adjustment has fallen on domestic producers. At some point, inventory liquidation will come to an end, and its termination will spur production and incomes.
This is a question that unfortunately not too many people ask themselves enough before embarking on an endeavour. Some barrel on to action, full speed and then do not ever look back. And yet there are some, like those of you here today, who ask listen and weigh.