Wednesday, September 30, 2009

Inventories are Not Low

This is the latest business inventories release from the Census Bureau.

From the horse's mouth: "The total business inventories/sales ratio based on seasonally adjusted data at the end of July was 1.36. The July 2008 ratio was 1.27."

Inventories are still much higher than pre-credit bubble. Why am I always hearing that inventory levels are low?

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