Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

WFC 88.93

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3:59 PM EST

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To: Road Walker who wrote (779)	4/15/2010 1:51:52 PM
From: tejek	1 Recommendation of 1428

Goldilocks............ As if jobless claims wasn't enough, the report on Capacity Utilization shows only minor gains in March MoM. Normal non-recessionary Capacity Utilization figures are in the low 80's. Right now it is at 73.2%. Consider this. The figure started the year at 72% and thus has climbed 1.2% so far this year. If we imagine this pace continues, it would take 7 quarters to get to 80%, i.e., the end of 2011. Until producers are at capacity they will choose to expand production rather than raise prices. No inflation on the horizon.

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