BRIEFING.COM] Just hitting the wires, September business inventories were down 0.2%, which is below the consensus forecast of a 0.1% decline. The prior reading was revised lower to a 0.2% increase.
Note from Jack: In a recent polling of US citizens fully 9 in 10 believe we are in a recession. Who is the 1 that doesn’t? Is he living under a rock? The youngest and the oldest polled have the most negative opinion while those in their 30’s tend to be more optimistic… we call that wishful thinking because they need the economy to be better! Older folks have the best perspective, they’ve been there, done that, and this is their view of reality. You’ll rarely go wrong taking advice from your elders.