Wednesday 29 April 2015

Puffed US inventories brought GDP Above Zero In First Quarter..

First quarter GDP growth rang in at 0.2%, way below guesses.while inventories grew by over 120 billion in those thirteen weeks.  People are making and stockpiling stuff they don't have customers for and doing it at record levels.  Their optimism doesn't match the slow down in economic activity.  If you believe Zero Hedge, the economy shrank a couple full percentage points in that time, masked by orders for stuff there are no customers for.   This may become the biggest story of the decade.

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