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Business Inventories Grow At Slowest Pace Since Jan, Sales-Ratio Signals Recession Imminent
Following June's 0.8% surge in business inventories (the most in 4 years) which surged inventrory-to-sales to 1.37x - the highest since 2009 - July's data confirms the recession looms large as inventory accumulation appears to have hit its limit, up only 0.1% MoM (inventory-to-sales hovers at 1.36x - historic recession levels).
Inventories rose a mere 0.1% in July - after June's big rise
Business Inventory-to-Sales ratio remains stubbornly high as sales just do not appear despite all the 'signals' from a market driven purely be fallacious fed fenagling...
Remembering that this data is lagged by 2 months (in the face of disastrous Empire Fed inventory collapse, auto production collapse and retail sales weakness), it appears the "if we build it, they will come" economy just got slapped in the face with the reality that 'Field of Dreams' was a fiction, just like The US 'Recovery'. Time for The Fed to hike rates?
Charts: Bloomberg
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But...the Fed declared NO RECESSIONS are allowed until 2018.
Depression is what we are in ........................and getting worse
Recession ... Depression ....... Repossession
Corzinession
Repression?
Anyone else feel like REALITY is a can that the media, government, and general population just keeps kicking down the road?
QE IV needed. $20 trillion!
QE IV needed $1200 trillion
20 trillion just would not cut it
Inventory
To high = not enough demand
low demand = no one want's or cannot afford
Good enviormemt to raise rates.
To many "Field of Dreams" are built on a "Field of Debt"
" I encourge you all to go shopping more "
GW Bush 2007
This is quite interesting. Lately I have noticed my junk email account getting loaded down with coupons and offers from retail stores to have people come in and buy. Even more interesting is that they have been getting more and more lucrative.
Let me be the first to state that Holiday sales will be down this year due to a very cold and snowy winter in the north and due to dry arid conditions in the west. In addition the US was bogged down by the woes in China.
No worries, the flood of new immigrants will help us grow out of these problems as soon as they're signed up for SNAP and we get them their new personal iObamaphone tracking device.
Doc
There is a special training course for Migrants..........................breaking windows al ar (good for GDP)
yes, exactly...that is why the western govts all over are scrambling for these human livestock....that is why the corporate media portray these invaders, er....I mean, refugees in such glowing and sympathetic terms...
The corporations that run these western pseudo-democracies want more more MOAR workers and consumers..
right in line with Martin Armstrong;s 2015.75 date. As expected.
New inventory is going to cost more money.
Alas, import prices going higher.
When will sticker shock hit?
Who the fuck knows.
As noted here many times qe was only tangentially related to spuring the economy and was primary intended to ensure that dimon did not have to suffer the humiliation of a single loosing day.
So the corralary should be that the economic data is not relavent aside from its being manipulated bullshit. Will the fed eat their own excrement as they force the public to do?
The fed needs to pop this bubble to reset the market for next bull run. Rinse-Repeat.