Posted on 03/10/2015 10:04:43 AM PDT by tcrlaf
For the first time since Lehman, Wholesale Trade Sales dropped for a 3rd month in a row in January. Plunging 3.1% MoM (against -0.5% expectations), this is the biggest drop since March 2009. Excluding auto sales, wholesale sales fell 3.5%. Wholesale inventories rose 0.3% (beating expectations) with only a very modest -0.1% drag from oil.
This has sent the inventory-to-sales ratio soaring as the "Field Of Dreams" economy is back - but as one wise trader noted, we are now 10bps higher in inventory/sales than when we entered the recession in Dec 2007.
(Excerpt) Read more at zerohedge.com ...
HOPEY-CHANGEY!!!
The ministry of Ebonic Economics will have a news release explaining how good this is.
UNEXPECTED
Recovery at it’s finest. “Not a single segment of the economy that isn’t better off than it was 6 years ago.” If you liked your economy, too bad.
The list, Ping
Let me know if you would like to be on or off the ping list
The country is stuck. I’m amazed the economy has done as well as it has and it has been in spite of the government.
We are under siege by this government.
The U.S. has become a Dystopian society. And no wonder, liberals are all about nihilism. It is the religion of NO and nothing and no hope and depression and bringing people down.
The liberal Utopia is Dystopian.
How about Depression alarm. We never came out of the recession and we have just been sliding into depression for 6 years.
If it was not for food stamps and 2 years of unemployment insurance the soup kitchen lines would wind around every block. People would be starving. The real unemployment rate is more like 22%.
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