CrusaderFrank
Diamond Member
- May 20, 2009
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What a surprise! The recently reported 3rd Qtr growth of 3.6% was due to a large increase in "Unsold inventory"
That's right!
Businesses aren't moving their product so that boosts the Obama economy.
After all, what else could you expect from a group that thinks Unemployment and Food stamps stimulate the economy and Bank ATM's hurt the economy.
The problem is all of the upward revision was in a buildup of goods and services produced, but not sold, said Paul Edelstein, director of financial economics at IHS Global Insight in Lexington.
As a result, Edelstein said, in the fourth quarter, the nation will probably see a smaller buildup in inventories, which is going to hurt gross domestic product.
The buildup in the third quarter was in some ways a mistake, he said. Adding to it is the fact that the holiday shopping season is not going that well. So thats probably going to make the problem worse.
Unsold inventories result of GDP boost | Boston Herald
That's right!
Businesses aren't moving their product so that boosts the Obama economy.
After all, what else could you expect from a group that thinks Unemployment and Food stamps stimulate the economy and Bank ATM's hurt the economy.
The problem is all of the upward revision was in a buildup of goods and services produced, but not sold, said Paul Edelstein, director of financial economics at IHS Global Insight in Lexington.
As a result, Edelstein said, in the fourth quarter, the nation will probably see a smaller buildup in inventories, which is going to hurt gross domestic product.
The buildup in the third quarter was in some ways a mistake, he said. Adding to it is the fact that the holiday shopping season is not going that well. So thats probably going to make the problem worse.
Unsold inventories result of GDP boost | Boston Herald