Declining inventory is positive in my opinion. It show management knows what they are doing. Based on the graphs alone it looks like there will be higher sales growth and lower inventory. Until GPS becomes like the radio, I feel there's a long way to go.
I don't think it's fair to attack or draw inferences on Greenspan based on a single interview. His core arguments for the topics above are fully explained in his book. You really need to cross reference his book if you want to attack him.
Thursday Outlook: Through the Looking Glass [View article]
"there must be something really scary going on that we don’t yet know about. "
***They fear what happened to Japan in my opinion. What's worse than rapid inflation? Deflation. That's what I feel the fed is afraid of. Shrinking credit and insolvency is deflationary.
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Thursday Outlook: Through the Looking Glass [View article]
***They fear what happened to Japan in my opinion. What's worse than rapid inflation? Deflation. That's what I feel the fed is afraid of. Shrinking credit and insolvency is deflationary.