Chart of the Week: Capacity Utilization
S&P 500 earnings (blue line) have been rising despite the continued decrease in capacity utilization (gold line).
Earnings vs. Capacity Utilization
Source: Chart of the Day
This excess capacity is the hangover from the massive over-investment in tech and telecom during the 90s bubble.
Random Notes
Gains in Wages Expected to Give Economy a Lift
Despite Profit Improvements, U.S. Stocks May Underwhelm
Quote of the Day:
“The world economy is volatile enough without a loose cannon at the U.S. Treasury." -Paul Erdman
Monday, October 27, 2003 | 12:00 PM | Permalink
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Comments
it is a nice report
Posted by: gbrkprasad | Dec 8, 2003 4:56:38 AM
