What Do Inventories Suggest About 3rd Quarter GDP? Can Drones Cure the “Inventory Crisis”?

by Mike ‘Mish’ Shedlock
Mish Talk

In the second quarter inventory subtracted 1.2% from GDP. It was supposed to add to GDP.

When it didn’t, Bloomberg promptly noted that a rebound in inventory build-up will add to third quarter GDP.

It won’t, because inventory-to-sales numbers remain in the stratosphere. This is something I have commented on for months. Last week, someone else noticed.

As Good As It Gets?

Joseph Calhoun, at Alhambra Investment partners took a look at inventory and other factors and asked is this As Good As It Gets?

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