Thursday, December 5, 2013

Here Is The "Growth" - Inventory Hoarding Accounts For Nearly 60% Of GDP Increase In Past Year

http://www.zerohedge.com/news/2013-12-05/here-growth-inventory-hoarding-accounts-nearly-60-gdp-increase-past-year

Where the scramble to accumulate inventory in hopes that it will be sold, profitably, sooner or later to buyers either domestic or foreign, is seen most vividly, is in the data from the past 4 quarters, or the trailing year starting in Q3 2012 and ending with the just released revised Q3 2013 number. The result is that of the $534 billion rise in nominal GDP in the past year, a whopping 56% of this is due to nothing else but inventory hoarding.

No comments: