A build-up of inventory spurred by inflation could be just the thing that helps bring the economy out the other side
avid Metzner has made a career of getting rid of stuff that customers don’t want. He’s been in the liquidation business since 1990, buying trailers full of unsold goods from importers or manufacturers and reselling them to discount retailers.
A few of his recent acquisitions include 13 trailers of outdoor garden fountains, 14 trailers of picture frames, and 11 trailers of afghans. “We’ve seen some of our largest deals ever—the pandemic really helped our industry,” he says. “We are seeing that the supply chain is easing,” says Quincy Krosby, chief equity strategist for LPL Financial. “We’re beginning to see freight rates come down, lumber prices down, we’re seeing a wide complex of prices come down all across the board.”closely tracked by the Fed, rose 4.7% in May from a year ago, the Bureau of Economic Analysis said on June 30, which represents the slowest rate of growth this year. The data suggests to some economists that inflation may have peaked.
That’s because there’s never been a bust-boom-bust cycle quite like the last two years. The onset of the pandemic caused a sharp drop in demand, and manufacturers and retailers canceled orders, not knowing what would happen next. Then, with stimulus checks in their pockets, consumers started spending on goods.
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