ISM Reports Growing Inventories

Mish is reporting a problem in Biz right now, inventories are growing at both the wholesale and retail levels.

Here are the problems: these inventories must be financed from revenue, but revenue is dropping. People who think the economy will turn in a few months are borrowing to make it through, but since this downturn will last 25 years or so, they will be gone before Christmas. Some wholesalers and manufacturers will be caught unable to carry the cost of the excess inventory. Down they go, like the stock market.

The only chance a retailer has is to sell what the new customer will by, and that is discovered thru the system I learned from others and teach in my course and book. You can read the book for free on line at google books.

Sales are dropping. Supply is dropping faster. Thus demand is increasing, if you can discover what these post-boom customers will buy. Apple knows, their stores are packed. Tesla Motors knows, they have a order backlog. I am working on what I know. What is the field you love, what is the problem you experience/ What problem that working upon gives you joy? That's where it works. That's where your work is.

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