Gets even worse: total business inventories balloon to Lehman-Moment levels.
Wholesale inventories balloon to Lehman-Moment levels.
It’s done “for ease of comparison,” the government says.
Where German industrial companies plan to invest: a slew of losers out there, including Germany. But one country stands out … and the reasons why!
We’ve all heard about Wall Street employees who lost their jobs and ended up doing something unrelated, chasing after a dream, starting up a software company, working on a crab boat, teaching English to immigrants, run a taco truck, become a pole dancer…. So there should be indices that measure the number of people undergoing sudden and unlikely career changes—to give us a better gauge of the real job market.
The strongest and toughest creature out there, and maybe the smartest one, that no one has been able to subdue yet, the inexplicable American consumer has hit a wall. It showed up in a prosaic but ugly 8-K filing by Visa—a staggering and sudden shift that pundits tried to explain away somehow by referring to recent changes in debit card regulations. I mean, come on.
“Despite all of the rhetoric to the contrary, it looks like the air got let out of the balloon,” commented the members of the Survey Panel of the ISM-Chicago Business Survey; the closely watched numbers had suddenly taken a turn for the worse. But the phenomenon wasn’t limited to the Chicago area. And now there are real reasons for concern.
“The US is one of two major beef-exporting countries with no comprehensive traceability system,” said Erin Borror, economist at the Meat Export Federation. The other country is India. The issue was Bovine Spongiform Encephalopathy, or Mad Cow Disease. Humans contract it by eating contaminated beef. It’s always fatal. Lack of traceability “places the US at risk if an outbreak occurs in this country,” Borror said. That was last November.
I love beer. Particularly craft beer. I’m a sucker for a good IPA, or an amber, or a pale ale. For special occasions, there’s the expensive stuff. If I’m traveling, I try to discover local brews. And the first swig is one of the simplest great pleasures in life. But I’ll stick to the numbers. And they’re morose for the US beer industry. Yet there is an astonishing winner.
Thousands of students from all over California snarled traffic during their march on the Capitol in Sacramento. Hundreds of them then flooded the Rotunda of the Capitol, a raucous affair. Eventually, the Highway Patrol cleared them out, and 60 were thrown in the hoosegow for trespassing and resisting arrest. Their problem: tuition increases—in a system that has become dysfunctional.