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	<title>Tom's Blog On Markets &#38; Investments &#187; inventories</title>
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		<title>2 Things To Note About This Wicked Inventories Adjustment</title>
		<link>http://tom-davis.us/2009/06/11/2-things-to-note-about-this-wicked-inventories-adjustment/</link>
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		<pubDate>Fri, 12 Jun 2009 02:43:43 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Credit Markets]]></category>
		<category><![CDATA[Add new tag]]></category>
		<category><![CDATA[economic data]]></category>
		<category><![CDATA[forecasting]]></category>
		<category><![CDATA[inventories]]></category>
		<category><![CDATA[leading indicators]]></category>
		<category><![CDATA[Stocks]]></category>

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		<description><![CDATA[The Commerce Department today released the April number for business inventories.  The number dropped again to $1.385 trillion from a peak last August of $1.507 trillion.  That&#8217;s a peak to trough (so far) decline of 8.1% in just 8 months, over 1% per month.  Very steep.
Last recession (this data series only goes back to 1992) [...]]]></description>
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