Wholesale Sales Tumble For 3rd Straight Month, Inventories Build

Tyler Durden's picture

Well they "built it", but in May, "no one came." Wholesale Inventories rose a better-than-expected 0.4% MoM but sales tumbled worse-than-expected 0.5% (the 3rd monthly decline in a row).

Inventories reversed April's decline...

But sales keep falling... and accelerating...

Automotive inventories rose 0.7% MoM (against April's 1.4% drop) but Automotive sales dropped 0.5% in April.

Wholesale Inventories are still marginally lower for Q2 so far (-0.13%) providing a modest drag on GDP, but sales are down 0.77% in Q2 wit hthe biggest 3-month decline since March 2016 (amid fears of global recession)

 

This divergence between inventories building and sales slumping pushed the inventories-to-sales ratio up for the first time since November...

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RougeUnderwriter's picture

Just getting ready for Christmas, and back to school, and Thanksgiving, and Mothers day, maybe Valentines day also. Nothing to see here - Fake News Fake News

847328_3527's picture

I know these stores are desperate when I see them putting out Thanksgiving stuff and Christmas stuff on the shelf right after Labor Day.

 

I guess the good news is that now The Hussein bin Barrack Osama is gone, we can celebrate Christmas again.

nevertheless's picture

Best video you will ever watch: "Critical Theory", every America needs to see the real enemy, Marxist Jews: https://www.youtube.com/watch?v=eTmNWY0ZPfM

itstippy's picture

I thought it was Jew International Bankers?  So is it Marxist Jews AND Jew International Bankers?  Are Zionist Jews also Marxists?  Are Black Bloc anarchists and Antifa activists Marxists?  Are they Jewish?  Is Lloyd Blankfein a Jewish Marxist Anarchist International Banker?

All Risk No Reward's picture

Itstippy, confusion reigns in the minds of the masses because this serves the interests of society's rulers. Let me explain, one by one...

1. Jew International Bankers. The class of private people who control the debt-money systems are not all Jewish. Think European Royalty. Think Rockefeller. Think Morgan. A much more accurate and concise name is Debt-Money Monopolists. In other words, a tiny percentage of Jewish people actually run the money system, and there are non-Jews running it alongside the Rothschilds. The Debt-Money Monopolists don't want ordinary people non-Jews and ordinary Jews to realize they are both under sustained Sun Tzu Art of War economic attack.

2. Marxist Jew. The Debt-Money Monopolists finance the Marxist / communist / socialist narrative because they know two things. 1. They want centralized control of wealth and resources via the governments they control. 2. They know ordinary people are galactic chumps who fall for the "government is good" con, even while the government is mass lying, mass thieving, and mass murdering right before their eyes. Again, the addition of the "Jew" to the narrative is a psy-op. It is mind control. Ordinary Jews DON'T HAVE A CLUE HOW THINGS ACTUALLY WORK.

Israel: 18 families control 60% corporate equity (2:00m in)
https://www.youtube.com/watch?v=vJrvnM9Thx4

Israeli economy is ready to COLLAPSE, MASS PANIC IN ISRAEL
https://www.youtube.com/watch?v=6TZinAPrIfg

Israelis rally for better economic conditions
https://www.youtube.com/watch?v=X3xXICtSwYE

Israel mass protests over rising living costs | Aug 2011 | BBC News
https://www.youtube.com/watch?v=-VGOO5f8RjA

So, yes, the Debt-Money Monopolists rule the roost through authoritarian control over the money system (currently incarnated as a debt-money system) and they finance the "Marxist" narrative in all its flavors. Notably, they also finance the destruction of REAL POWER TO THE PEOPLE groups because they have ZERO INTENTION to actually empower ordinary people. Research Operation Gladio, if you haven't already.

3. Zionist Jews. The Debt-Money Monopolists finance and promote Zionism at all levels of society. Modern day Israel is better understood to be Rothschildville, IMHO. The Debt-Money Monopolists are about world control and Israel gives them a command base over which they can dominate, and ultimately subdue, the Middle East. Libya didn't have a BIS debt-money central bank, al Qaeda was financed and armed, no the BIS finances al Qaeda in a Libya that is orders of magnitude worse than before Gaddafi was ousted by al Qaeda,

Syria doesn't have a BIS debt-money central bank... ISIS is financed and armed to change that... in due time.

The democratically elected Ukraine government rejected the Euro, the Debt-Money Monopolists financed the coup, the coup government signed up to the debt-money Euro. The Debt-Money Monopolist Media Complex has the average American thinking Russia is trying to overthrow the legitimate government when the Debt-Money Monopolists already overthrew it. Ordinary people are not "wise as serpents," if you know what I mean. They are Charlie Brown field goal kicking chumps.

Iran doesn't have a BIS debt-money central bank... who knows what the Banksters will orchestrate to set one up there.

North Korea doesn't have a BIS debt-money central bank.

You get the idea.

Now extend the idea.

Name a BIS central bank country that ever attacked a BIS central bank country. Just one.

Name some non-BIS central bank countries that attacked BIS central bank countries. There are few.

Now name BIS central bank countries that attacked non-BIS central bank countries and you just uncovered 95% of the history of major warfare in the 20th and 21st Centuries.

4. Black Bloc "anarchists" and Antifa activists appear to me to be controlled opposition that are almost certainly controlled, top down, and ultimately financed by the Debt-Money Monopolists (through their various black ops organizations). Check out how they are used to promote tyrannical authoritarianism and then protected by the Debt-Money Monopolist financed government for their "service" to the Debt-Money Monopolist authoritarian cause of beating and harassing ordinary citizens who are clued into the Debt-Money Monopolist Mega-Corporate Fascist Empire system that envelopes all ordinary people in America.

Seattle WTO Riots: Problem, Reaction, Solution ( Excerpt Compilation)
https://www.youtube.com/watch?v=p5ausy98ERM

5. "Jewish" is a false narrative to over-generalize the actual ROOT CAUSE. The Debt-Money Monopolist cabal is the precise description of the Big Bad, and you Jewish neighbor isn't involved at all. Even the Jewish person managing a local bank almost certainly is clueless, too.

They are almost certainly financed and directed, top down (pyramid style) by the black ops operators who are ultimately working out the agenda of the Debt-Money Monopolists.

6. Lloydd Blankfein is a paid agent of the Debt-Money Monopolist debt-money criminal cabal.

All roads lead to the Debt-Money Monopolist criminal cabal waging Sun Tzu Art of War on ordinary humanity.

coast1's picture

I posted this graph yesterday, but it is even more appropriate now..

https://fred.stlouisfed.org/series/M2V

NoDebt's picture

It's a race.  The Yellowstone volcano and the bloated inventory volcano are both set to blow at about the same time.

 

GodHelpAmerica's picture

Hiring to produce for the sake of producing....

Companies have excess inventories of goods and excess people on their payroll who are paid to produce them...

Shed Boy's picture

Graphs without a source qoute = fake news.

bogdan11's picture

The economy is accelerating...to the downside.

Glyndwr will return's picture

Spent nothing so far today. 16.23.pm Spent £13 yesterday. It was a big day! All British goods, as usual.

Fartboxbuffet's picture

Bath house barry just endorsed hilary today heres waht i see hilary 2020 president barry sotero vice president

rjs's picture

note that the May producer price index for finished goods was down 0.5%, so real invenories are that much higher, and hence will add to Q2 GDP...