Supply Side Got Ahead of Demand.
Redbook Chain Store Sales (week ended 3/7/2015)
– Store Sales Store year/year +2.6%. Previous was +2.7%.
NFIB Small Business Optimism Index (February 2015)
– level 98.0. Previous was 97.9.
JOLTS (January 2015)
– Job Openings 4,998,000. Previous revised from 5,028,000 to 4,877,000
Wholesale Trade (January 2015)
– Wholesale Trade +0.3%. Previous was +0.0%.
This is part of GDP. Wholesale Sales were down 3.1% and the supply side needs to slow down because it got ahead of demand.