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Recession Imminent As Wholesale Inventories Surge, Sales Disappoint; Autos Worst Since 2009
The ratio of wholesale inventories-to-sales pushed back up to 1.3 - its highest since the recession and is flashing an enormous red flag for an imminent recesion in America...
with the automotive industry the biggest factor in this.
A bigger-than-expeted 0.9% surge in inventories (biggest since April 2014) was accompanied by a considerably slower than expected 0.1% growth in sales (weakest since March) suggest that 'field of dreams' corporate planning remains in place.
Most crucially, as The Atlanta Fed warns, "lower inventory investment will subtract 1.7ppt from Q3 real GDP growth." The higher Q2 'build' the worst Q3 will be - though we are sure economists will extrapolate Q2 growth no matter what...
Charts: Bloomberg
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We've been given a gift. BTFD. They will defend stawks more than our borders.
Thy will just have to triple readjust the results.
Someone must have uttered some nonsense -stawks are ramping, or is it that Europe is closing, or is it these economic "worst since..." stats? Who knows anymore?
These charts are full of lies, lies, lies! All lies I tell ya!!!
Your in a Catch-22 "folks" on Wall Street!!
The Chinese have just announced game over, in the USD devalue game!
"Two can play that game" also comes to mind, I wonder how far oil could drop obce this Yuan devaluation thing gets rolling through the complex?
I've been screaming this for a year or two now, once the price of oil drops to $20 to $25 a barrel, the whole leveraged petrodollar MIC collapses on itself!
That's the end game, we are nearing $40 and its 18 months of boozo left at the helm, you have to give it too the chinese, their sense of timing is impeccable!!'
Bullish! QE5/6 a coming.
Sometimes I just don't know what to do/say/think about this anymore.
We just need something somewhere to financially implode.
This could put a stop to the music real soon:
http://www.bloomberg.com/news/articles/2015-08-10/tension-runs-high-in-v...
thanks for the link...
What I found interesting was one more article down, regarding Venezuela, you can get your prediction for the price of gold for 2016.
Sadly at the rate it's going that might be a close call.
Its saddening that implosion is an improvement.
The housing market here, which has been booming all year, seems to be screeching to a halt.
But old Yeller and her poodle, Hilsenrath, have a cure for the imminent recession - a September rate hike.
It has been eighty-five years since the Great Depression, and the US economy is in economic recovery with an unemployment rate close to that of the Great Depression.
http://www.paulcraigroberts.org/2015/08/10/us-economy-continues-collapse...
Recession imminent? We've been in recession since 2008.
Apply a realistic inflation rate means we've been in recession since 2000.
Recession imminent? We've been in a depression since 2000.
There fixed that for ya.
They will look back on this period in history and refer to it simply as "GAME OVER"
And interestingly enough, the monetary authorities knew even then, that a 'market-clearing' event could not be allowed to take place. The floorboards were rotting already...
This recession started in 1913. It was given a booster shot in 1971. The Greenspan-Bernanke-Yellen cocktail is simply going to cause the 'economy' to curl up in the fetal position in some back alley.
From the mouth of the oracle himself:
"Be Afraid of Pending Bubble in Bond Market"
-Greenspan
Depression. Do not use the term recession and call it what it is.
Get ready for another Great Wealth Wring Out!...go to cash and PMs, be ready to joo some poor bastard down for something you need...
Build it and they will come...it keeps the paper shufflers working....I know China is buying a whole lot of D9 CATS....lots and lots of them...lol
If you hike - it will come.... a recession, that is...
Rate Hike!
Rate Hike!
Rate Hike!
LOL.
Yadda yadda yadda....
"Markets" green by the end of the day!!
Hey, this kid is doing his part to improve that auto sales/inventory ratio
http://jalopnik.com/spoiled-kid-tries-to-get-new-ferrari-by-setting-fire-to-1723335319
bullish
but what about 2nd quarter productivity?
/S!
The recession has been in place for years cloaked in fiat money so it is hard to recognize for many. The depression is at hand.
Hey Tylers! The email harvesting popup makes your site freeze everytime I access it. Just maybe it is time to kill it already?
Hey slightyskeptical.
Adblock plus.
Now quit yer bitchin'
adblock plus FTW
inventory/sales one of my prized canaries
... cough cough ... cough cough ... cough cough cough cough ...
.... crickets ...
Perfect time to raise interest rates. This economy is accelerating too damn fast
You need a job? CNBC needs more analysts like yourself.
channel stuffing
Imagine how many cars are sitting in lots behind GM and Ford plants all over the world.
Before the mopery get going full bore, the Atlanta Fed attributes a lot of the jump to increased oil prices on the stockpiling of oil. That's obviously behind the curve. For another, inventories for June and May were both revised down.
Point is we're not sitting on warehouses full of unsellable goods.
You don't need to be worrying about recession this recesssion that you just BTFD.
Humans will ALWAYS ALWAYS ALWAYS push credit beyond the limits of sustainability.
Get your cash stash stocked up cuz when the subprime auto market crashes, there will be millions of vehicles repossessed and resold at HUGE discounts - YIPPPPEEEEE !!!!!
I am prepared, going to stock up on a fleet of vehicles, ie compact errand car, pickup truck for towing boats, van for passengers, etc, for all of my homes.
It's gonna be Christmas for cash vehicle buyers !!!!!!!!!!!!!!!!!!!!!!!!!!
Hey Yellen, fire up the Sikorskys and prepare to dump $100 bills by the pallet full.
Probably going to be more like a Chinook...
When will it end.
For seven years now, all you ever hear, read about is the words Imminant, recession, collapse, Bail-out, Bail-in, Fraud, Market Rigging, Sales are down, Unemployment us Up and Obama's Playing Golf
There has to more to life than reading about the same things over and over again except a different date.
But.....but.....CNBC ran an article saying its a good thing inventories are up. Why would one think it bad producers producing and buyers not buying : /
Cash for Channel Stuffed Inventory under NIRP. Sign and drive away.
/Sarc
Automakers will need to create more mirrored websites to advance crowdfunding efforts to write off bloated shitmobiles.
You guys need to look at the bright side more. I just bough a slightly used Mercedes wih my good credit though I havent had a job in 5 years. Where's the issue?
Send that extra inventory to Ferguson. Gone in a flash.