The Macro Moment: Inventories and Retail Sales
5
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We got data from the US for the month of November. Some of what came in is in keeping with the central premise of my outlook on the economy.
In this video I discuss how slowing of retail sales along with an increase in inventories does not bode well for the demand side argument for inflation nor the optimistic economic outlooks. We are dealing with a supply side equation where the view of demand is higher than it should be.
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