Recession Red Flag: Excess of Durable Goods Inventory over New Orders Nears All-Time High

By: Will (Diary)  |  October 2nd at 11:37 AM  | 

Earlier this month the U.S. Census Bureau’s Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for July 2012 showed that inventory stockpiles once again rose in July. The final revised numbers for July now show that the excess of nondefense inventory (excluding aircraft) over new orders hit its second highest total ever recorded at $59.8 Billion, surpassing the peak seen during the recession following the bursting of the dot-com bubble, | Read More »