JVB-BSullivan-Econ-Comment-102609

Broker Dealer / Institutional / Advisor Use Only October 26, 2009 ABOUT No evidence of inventory restocking just yet BILL SULLIVAN A central thesis behind expectations William V. Sullivan, Jr. The monthly inventory data are tallied serves as Chief Economist that the economy is poised for a rapid in nominal dollars and hence can be distorted at JVB Financial Group, recovery is the widely held belief that by ongoing price swings in major working closely with the business firms will enter into aggressive commodities. As an example, during August, firm’s trading desk, inventory restocking programs. Any 2008, a barrel of crude oil traded in the $115 providing analysis and commentary on the U.S. rebuilding of inventories will of course boost to $120 range or roughly $50 above the levels economy and the financial production and should eventually lead to that prevailed this summer. Similarly, copper, markets. Among his duties some rehiring of factory workers. While this grains and meat prices were much higher one are authoring a weekly outlook is plausible, available data indicate year ago as compared to this August. report on credit market that the business sector actually continues to trends and maintaining a Effectively, some of the decline in inventory regular schedule of prune inventory positions. The reluctance to positions has reflected lower prices and the conference calls that focus bolster inventories could reflect a lack of drop-off in ...