Business inventory increase a good sign
Markeplace Radio
December 08, 2009
(MPR) - "...Amy Scott: We're not talking any miracles here. Inventories grew by just two-tenths of a percent. But after 13 months of declines, economist Lakshman Achuthan says it's a good sign.
Lakshman Achuthan: It's a very good sign. Because when businesses ramp up inventories that's, in essence, new orders going out across the country.
That means, eventually, factories start humming again, and businesses start hiring people to make and sell all that stuff. Achuthan predicts the economy will start creating jobs again in the next couple of months...."
Now that the value of information has gotten to be about zero, there's an overload, and I think what's gonna be the end result is the value of expertise is gonna go to infinity. Because it's harder and harder for people to digest all these inputs, let alone make sense out of them, let alone translate them into investment decisions.
- Wilbur Ross, CNBC, Dec. 1, 2009
Not a Client?
Go Pro Today!
More Information >Read this jewel of a book and start your own personal cycle upturn.
Jim Grant