In case you missed it

The difference between orders and inventories is another way of keeping track of the inventory cycle in manufacturing.

The graph shows that this difference fell to levels in the past characterized slow economic growth at best (click on the graph to enlarge it).

Analysts talk about a bond bubble. Maybe the bond market knows better. Yields decline when the economy is slowing down and inflation disappears.

Food for thought.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked best market timer in the 12 and 6 months ending 8/20/10 by Timer Digest

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