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Wholesale Sales YoY Worst Since Lehman As Inventories Grow At Slowest Pace In 2 Years
For the first time since July 2008, Wholesale Sales fell for the 4th month in a row in March (-0.2% vs +0.5% expectation). On a YoY basis, this is the worst sales drop since November 2008. Perhaps even more problematic is the weakness in inventories - which will drag Q1 GDP even lower - as the last time we saw a weaker inventory growth (+0.1% in March) was May 2013.
Wholesale Sales are a disaster...
and Inventories miss suggests Q1 GDP downgrades further into negative territory...
Wholesale Inventories to Sales remain at Lehman (and 2000) highs...
Charts: Bloomberg
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Well it did almost snow in March.
BTFWSL, bitchez!
But wait, Heard On The Street said the odds still favor the FED raising rates this year. Broken, just broken.
Yep, and I hear they have blizzards in hell forecasted for August.......
0.25% isn't really a rise. At this point it probably will be more like 0.025%
this all being done to flush the dirt under the negative Q1 GDP quarter and avoid a Q2 negative GDP print - par for the course for these shysters
Well if they can do all that for Q1 now then why didn't they just do that to begin with? Just all horseshit, and no one cares. Kim Kardashians booty is bigger.
So buy stawks!!! Woop woop woop! They're coming to take me away ho ho hee hee ha ha....
And market party rages on, realizing, no interest rate increases coming ever. Always another excuse not to. We get it. They will never raise rates by any significant amount. Let the bubbles build!
Reality is no longer a factor....DOW +500 close whoopdeedoo amen and pass the Tylenol.
You know the economy an utter and complete farce when you read another "worse since Lehman" headline and just go "meh, what's new?"
Old Yeller did a good job sucking in the shorts so she could ram a QE hot poker up their ass with her "equity valuations are quite high comment".
"Equity valuations are quite high-er. The worst since Lehman."
Hahaha. What a great image to get in the mind before the weekend. Innocent looking little granny out of a horror flick.
Went to Home Depot yesterday....in the past if you looked up you would see a bunch of inventory that only the forklift could reach...those top shelves are empty..
guess I forgot my rosy glasses
$5 off all time highs
Talked to a employee thats been there a long time ...said they only hire part time now...he's been there 18 years full time
Couldn't pay me to visit a Homo Despot.
Hope they dry up and blow away.
It is blast off time, the continued good news just keeps right on coming! It's almost unbelievable! Or is that to good to be true?
Go Team Yellen!
Hey, I did my part, I paid a couple of hookers last night. Oh you said 'Wholesale sales' are down, nevermind.
Dear CONgress, Fraud street, Inferior court, and our corrupt narcissist golfer in chief,
Fuck the whole shit show until it all come crumbling down on your heads. More people are waking up ever day and fighting the system.
A hearty FUCK YOU!
-signed every US citizen who cares
It's not just this admin but the preceeding ones. The corruption is long in the tooth.
Agreed.
Bullish!
2009.. oh F&@k, my 401k tanked, better get it back up... 2015, there is to much junk in the house... : the 1%ers
in 2009 the hock shops where booming, now they are barren.. stuff is too cheap in retail, cheaper to buy it than steal it.