Friday, October 16, 2015

Business Inventories-to-Sales......ANOTHER PESKY FACT!

Business Inventories-to-Sales Surge To Cycle Highs

Business Sales tumbled 0.6% MoM (the biggest drop since January), down across the board. So clearly no inventory liquidation has started yet (so the pain is yet to come) and this has driven the inventory-to-sales ratio up to 1.37x - the highest in this cycle. The last 2 times the ratio was at this level, the US was in recession.


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