Reuters: “Inventory runoffs do not get a whole lot of attention, but that’s where I think the weak spot is,” said Sung Won Sohn, a finance and economics professor at Loyola Marymount University in Los Angeles. “If inventory runs off, production declines, that hurts employment and therefore spending. It happened a number of times in the postwar period, and I think that is what is happening right now.”
Source: Reuters
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