Is this article from 2011? I ask because I distinctly recall reading a lot of articles from back then that bad the same meme.
There have been a number of months in the last few years where positive economic growth was based entirely on growth of inventories.
The truth is, though, that the US economy is resiliant enough that it takes a really big shock that produces a cascading/ripple effect (massive panic) create obvious problems.
So what we’re seeing here is a slow and creeping burn. Which can be drug out for a long long while. The way this ends will not be with a bang, but a whimper ...