The "if we build it, they will come" economy is back - or is it failing? That's the circular question that the biggest jump in wholesale inventories in six months leaves many asking. The most telling answer that perhaps this Keynesian 'build-it' program is failing is the near three-year high in the Inventory/Sales ratio having risen three months in a row. This is the biggest three-month build in inventories relative to sales in three-and-a-half years. The Circle of life goes on; stack inventories; stuff channels; start free-credit.
Inventory/Sales ratio is at near three-year highs and the last 3 months has seen it rise at its fastest in almost 4 years...
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