Following the recessionary surge in Wholesale Inventories-to-Sales ratio, this morning’s Total Business inventories-to-sales rose to 1.40x – the highest since May 2009. With a 0.4% slump in sales and 0.1% rise in inventories, the smell of recession lays heavy on US businesses… but then again – who cares if Draghi can keep buying ‘assets’ and saving the world?
Look at this chart!
And this…
Do these look like the charts of a “recovering” economy?
Someone has been peddling you fiction that everything is awesome.
