Inventories and Sales: How Bad Are They? Study in Pictures
by Mike ‘Mish’ Shedlock
Mish Talk
In response to GDPNow Rises to 0.3% Following Dismal Retail Sales and Inventory Reports; Fed vs. Fed Update I received a nice email from reader Tibor.
Tibor writes “Hey Mish, Just wanted to thank you for being one of the sanest, if not sanest, economic skeptics out there. Most of the pundits on the bear side would bark at the moon for a fortnight about how corrupt the Atlanta fed update was this morning. Sales down, but GDPNow ticks up?! impossible! Scam! In contrast, you probably pegged the most reasonable explanation in the the 4th sentence of your post. Thanks for not being the typical econ-conspiracy blogger spewing BS to placate the simpletons. I hope you get credit for your measured critiques.”
Thanks Tibor.
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