As we look forward to the economic climate in 2019, I wish I could be more optimistic.  Total business inventories are going up, up, and UP.  No matter what the other indicators say, in my opinion, this is the most important indicator.

Inventories

As you can see from the dates, this has nothing to do with Trump – machines are simply producing more than we could possibly consume.  From my other article series, By The Numbers, you can see that petroleum is no exception, inventories are up.

I hope rising inventories does not mean what I think it means – clouds on the horizon.  We cannot make “America Great Again” if markets are saturated with our products

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