Word: lags
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...what happens to inventories-the unsold goods and supplies that businessmen have on hand. Although production is dropping, it will be some time before business can work off those inventories; Chrysler, for example, has a four-month supply of unsold cars on lots and in showrooms. Sometimes the lag involved in pulling inventories into line with sales produces what is known as a V-shaped recession: production plunges until inventories are sold, then shoots up again when new orders are placed. That could occur this time, but it seems more likely that the inventories will be worked off slowly...
TAKEN JUST IN itself, Nate Shaw's account of his life does lag at times, as would any account of any life. Shaw often goes through entire paragraphs explaining how he is distantly related to people who come up only peripherally in his story. The hundreds of interrelated names in the book are impossible to keep track of and only give a general impression that Shaw lived in a tightly circumscribed community. Only twice--in passing references to Abraham Lincoln and Franklin Roosevelt--does Shaw mention anyone outside his native county in Alabama...
...warms up for each game by gulping down a secret mixture of Korean ginseng and honey, and expects to emerge victorious. "I'm younger than he," says Oh politely, "and I'm afraid Mr. Aaron would have to suffer from jet-age time lag." Oh, Hank...
REAL GROWTH will lag. The economists expect it to be slightly negative or flat in the first half. There should be an upturn toward the end of the year created by increases in consumer spending and somewhat improved conditions in housing. Nevertheless, 1975 will probably mark the second consecutive year of a decline in output, a lull unmatched in a generation...
...Coop has so far managed to avoid any adverse effects from the problems of inflation or recession, Davis added, "but the retail sector usually enjoys a lag in bad times so we have to be cautious...