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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (4771)	1/11/2004 11:31:27 AM
From: Rarebird	Respond to of 110194

I've become an independent critical "GoldBug" over the years so I don't know how "reasonable" I am to most people. I take it I'm probably very unreasonable to most Humans. But I love Humanity. I've been saying this on SI since the summer of 1997 and this is what I value the most, so I'll say it again so you should know where my Heart and Spirit lies: Learning is my God and Education is My Religion. I sold my soul to Learning a long long time ago. And I know from every "official" mouthpiece and major media outlet across the USA, a "modern" version of "happy days are here again", the ditty composed back in the depression era of the 1930s, is being sung. US business is not buying a word of it, as shown by their actions. When business sees good economic times coming towards themselves, they load up on their inventories to stand ready to sell to the happy customers who will now arrive in increasing numbers willing to buy. When they see the opposite rolling towards themselves (not only bad times but really bad times), they all cut their inventories to the bone because they don't want to end up standing with shelves full of unsold goods. Here are the latest facts, courtesy of the US Commerce Department. US inventories index dropped to 40.6 from 43.4 in November. Since March 2000, nearly four years ago, stockpiles of inventory have fallen. March 2000 was when the US stock market broke down. The fact calmly reported by the Commerce Department is that there has been only ONE MONTH when US inventories have climbed - a bit since March 2000. Economically, this is not only recession, it is deepening economic recession. You wouldn't know it from listening to the voices from Wall Street or from the White House. Businesses are singing the same tune (they wouldn't dare do anything else), but the actions of US businesses speak louder than the cacophony being heard all around.