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Just Before The Great Recession, Mountains Of Unsold Goods Piled Up In U.S. Warehouses – And Now It Is Happening Again

 
grmaharley
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03/27/2019 11:28 AM
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Just Before The Great Recession, Mountains Of Unsold Goods Piled Up In U.S. Warehouses – And Now It Is Happening Again
In fact, the U.S. inventory to sal

[link to dcdirtylaundry.com (secure)] ratio has risen sharply for five months in a row.
TheLordsServant

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03/27/2019 11:52 AM

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Re: Just Before The Great Recession, Mountains Of Unsold Goods Piled Up In U.S. Warehouses – And Now It Is Happening Again
I'm not the least bit surprised.

50 years ago things were made to last.

Manufacturing then started gradually leaving the USA and going to foreign countries, where cheaper materials started being used.

About the same time, the "concepts" of "sustainable growth" and "consumerism" were born, and were used to seductively maniuplate markets.

Their game-playing has now caught up with them in the sense that manufacturing output has now exceeded the world's ability to consume.
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