I think the rub in all this is that you’re saying (and FSD agrees to) is that we’ve hit these 2003 prices *and* that’s where it’s going to stop. I frankly find that hard to believe right now. If it is true, then it is just a soft landing and that just seems out of whack with how much everything has run run up.
Maybe I’m missing something though? Perhaps you’re thinking the rest is just flat sales and the remaining losses will be all in terms of inflation rather than nominal prices. Even so, I would consider that pretty soft. Are you really that optimistic about 2007?
