Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (9000)	9/30/1999 10:03:00 AM
From: Wally Mastroly	Respond to of 15132

Re: Inventories - another possible reason for inventories to grow (besides upcoming holiday season,etc.): bloomberg.com - The U.S. economy grew in the second quarter at its slowest pace in four years, as businesses accumulated inventories at a much slower pace, government figures showed. The need to rebuild stockpiles could cause growth to pick up in the rest of 1999, analysts said. Gross domestic product rose at a revised 1.6 percent annual rate in the second quarter, down from the Commerce Department's previous estimate of a 1.8 percent increase and the lowest reading since a 0.4 percent rate in the second quarter of 1995. In the first quarter, GDP grew at a 4.3 percent pace. ''We're expecting inventories to pick up in the second half of the year,'' said Mark Vitner, an economist at First Union Corp. In Charlotte. ''Inventories are very, very lean right now. I would think the GDP numbers going forward will be very strong.'' The economy probably grew at a 4 percent annual rate in the third quarter, according to a Bloomberg News survey of 24 economists. The final revisions to second-quarter GDP showed inventories accumulated at a much slower pace than previously estimated, rising $7.4 billion instead of the previously estimated $12.1...