As the chart shows, order backlogs have been falling since February while inventories have been rising since May. From where I sit, that combination is a sign of trouble to come for the U.S. economy..."
Tuesday, November 2, 2010
A Sign of Trouble to Come
"Although today's Institute for Supply Management's headline Manufacturing Index for October gave the bulls cause for comfort, some underlying trends are anything but encouraging.
As the chart shows, order backlogs have been falling since February while inventories have been rising since May. From where I sit, that combination is a sign of trouble to come for the U.S. economy..."
As the chart shows, order backlogs have been falling since February while inventories have been rising since May. From where I sit, that combination is a sign of trouble to come for the U.S. economy..."
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