total business inventory

Full Employment Math: 2 + 2 = 5

By Jeffrey P. Snider|2016-06-14T18:04:55-04:00June 14th, 2016|Economy, Federal Reserve/Monetary Policy, Markets|

Inventory is an exceedingly simple concept spaced between the most basic economic fundamentals. Because the modern economy operates upon mass production, the flow of goods is not direct. Thus, there are structural differences between demand and supply, with inventory as the pivot in between. If end demand rises it still gets filled even though production cannot respond instantaneously (no matter [...]

IP Simplicity

Industrial production fell again in September, seasonally-adjusted month-over-month, for the eighth time out of nine months so far this year. Year-over-year IP was barely positive, at just +0.4%. The last time output growth was so stagnant (on the way down) was March 2008! It has become exceedingly difficult to assign this trend some temporary designation or as if it was [...]

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