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On Wednesday the Energy Information Administration surprised market participants when it said supplies rose 2.62m barrels to 456.21m barrels last week, the highest inventory levels in 80 years.
At the end of August, rural Salem County in southern New Jersey had the highest inventory rate: a 45.9-month supply of homes to sell, according to Mr. Otteau's statistics.
Highest inventory levels in the markets we are in are in Chicago (more than 71,000 in February), Miami (more than 69,000), Los Angeles (more than 67,000).
Honda's odd-looking Insight hybrid, which has the highest inventory on the market, is among Honda's loss-leaders, which would seem to make the case for more conventionally-styled hybrids.
Today, Credit Suisse First Boston said "inventory burdens" at Japanese wireless carriers may be a "minor negative" for Solectron and Flextronics International .A CSFB-Japan survey reported that Sony-Ericsson and Matsushita have the highest inventory burdens currently through Japanese wireless carriers; NEC has reduced production to work down inventories," the research firm said.
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He did have one misgiving: The high inventory.
The number crunching revealed high receivables, low payables, and ridiculously high inventory levels.
Mr. Powell attributed the drop -- to 68.4percentt from 68.8percentt in the third quarter -- to some discounted prices and higher inventory.
The result was unreasonably high inventory for each part number and millions more in working, or rather, unemployed, capital.
With smaller margins and high inventory of products like gasoline and diesel, refiners had little incentive to produce more, leaving crude inventories to pile up, Glickman added.
Excess inventory led to high inventory carrying costs, working capital lock-in and also a possibility of spare parts becoming obsolete.
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