As the inventory adjustment ends and the stimuli kick in, America's slump is sure to ease.

ECONOMIST: The world economy

Operating margin declined 1.6 points to 7.7% primarily due to inventory adjustment on A160.

FORBES: Boeing Earnings Gets Tailwind From Strong Commercial Deliveries

My original handmade seasonal inventory adjustment is lost to the ages.

FORBES: U.S. Housing Inventory Update

On the one hand, RIM explains that the disappointing revenue in the fourth quarter was really due to a one-time inventory adjustment by a wireless carrier.

FORBES: Look At The Numbers: RIMM Should Be $86

Recent indicators suggest that the inventory adjustment process may have largely run its course in the motor vehicle sector, but remaining imbalances in some other industries may continue to impose some restraint on industrial production for a time.

NPR: Bernanke: U.S. Growth 'Moderate' as Inflation Rises

My seasonal adjustment (hand tuned) suggested that the rate of inventory decline had not changed significantly in the last two years or so and that there was no particular reason to think it was changing right now.

FORBES: A Few Housing Notes