Thursday, May 07, 2009
more on inventories
ft alphaville channels standard chartered.
UPDATE: more from calculated risk.
Our guess is that we should expect that inventory liquidation will be even greater in Q2 than in Q1 subtracting a further ½% from GDP (2% at an annual rate).
UPDATE: more from calculated risk.
Good to see, though, that things will begin to improve in the second half of the year. The boys will be home for Christmas.
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