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Wholesale Inventory Growth Slowest Since May 2013, Sales Tumble - Worst Ratio Since Lehman

There goes GDP... Inventory growth stalled notably to just 0.1% MoM in December (missing the 0.2% rise expectations) from 0.8% growth in November to its lowest since May 2013. The other side of the spectrum was even worse with Wholesale Sales sliding a worse-than-expected 0.4% leaving the December inventories/sales ratio at 1.22 (up from 1.16 in December) to the worst level since Lehman. If we build it... based on artificial price signals and mal-investment - they didn't come...

 

It appears we have reached peak inventory stuffing...

 

as the pulled forward demand disappears...

 

Not exactly "crisis has passed" kind of news...