“In 30 years, I’ve Never Seen Anything Like This” – Inventory Pileup Sounds Alarm

by Wolf Richter via WolfStreet.com,
ZeroHedge.com
Tue, 02/26/2019

“In 30 years, I’ve never seen anything like this”: CEO of warehouse operator Pacific Mountain Logistics.

Sales at merchant wholesalers (except manufacturers’ sales branches and offices) fell 1% in December 2018, compared to November, to $497.2 billion on a seasonally adjusted basis, and inched up only 1% compared to December 2017, according to the Census Bureau estimates this morning.

But inventories at these wholesalers rose 1.1% from November and jumped 7.3% from December 2017, to $661.8 billion. Over the two-year period through December, inventories have risen 11%. This includes inventories of durable and non-durable goods (we’ll look at them separately in a moment):

The Rest…HERE

This entry was posted on Tuesday, February 26th, 2019 at 3:17 pm and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.