Business Inventories-To-Sales Surge To Cycle Highs, Deep In Recession Territory

Following the wholesale inventories-to-sales jump, business inventories-to-sales just shifted once again to cycle highs, deep in recessionary territory. With inventories unchanged in October, slightkly lower than thge expected 0.1% increase, Q4 GDP will start to be affected (and Q3 as prior data was revised lower). Nevertheless, with sales dropping 0.2%, with manufacturers tumbling 0.5% MoM, the looming production cuts set up The Fed for an epic policy error.

Comments

[NoDebt]

"None of us will live long enough to see the next officially declared recession."

- NoDebt

_{(We're already in a recession right now and, yes, a recession within the overall depression)}

[madcows]

A recession within a depression?  Isn't that like two negatives make a positive?  I think that's bullish!

[kliguy38]

In fact dontcha think we need a rate raise!!!

[Hal n back]

if they did not game the GDP calculation we would be in a 7 year depression

[BiPolarFrenchman]

I see CNBC in your future

[Fod]

Inception'd

[ihatediscus]

sure you will ........as soon as a conservative administration takes office the the liberal press will declare  the U.S. is in  recession .....less than  ten minutes after his/her hand hits that bible......Oh and the unemployment rate will be 17+%.......the country will be declared a mess as a result.........and all policys will be declared a failure even before they are enacted ....protests will break out all over the width and breadth of the nation over the evil conservatives ........

LOL

.........same as it ever was......same as it ever was

[TheAntiProgressive]

Don't forget the massive increase in the homeless and hungry children.

[Temporalist]

This is very bullish because there are MOAR things to sell!

[Bobbyrib]

Wait, Bloomberg just told me the retail sales went up .4% when .2% was expected. Retail sales beat expectations! How can this be recessionary!?

Is Bloomberg highlighting less important data to make the economy look better!?

[BiPolarFrenchman]

HEY! The global media would never spin information to the advantage of their sponsors and partners.