U.S. Business Inventory-Sales Ratio Jumps To Post-Crisis (7 Year) High
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!
(Click on image to enlarge)
And this...
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Do these look like the charts of a "recovering" economy?
Someone has been peddling you fiction that everything is awesome.
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The real economy, especially minus the Fed's paper money make my friends rich games, has been in bad shape for some time now. The sad fact is the Fed has now stoked inflation and the economy continues to dredge to new lows. This implies Fed tightening and economic degradation and yet they say this is good. I think not.
Read real economic reports and not the unemployment filings the Fed wants you to focus on because it is easily manipulated and has been for years.