Business Capex Rolling Over
It is increasingly apparent from the many economic signals we have seen that business spending is fading, and is unlikely to replace consumer spending anytime soon. This is one of the reasons are recession expectations keep ticking higher, beyond 50%.
Nothing makes the end this clearer than the following chart, courtesy of Bob Bronson:
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The US economy has become so financially engineered that no one even attempts to plan for the longterm.
Posted by: Shrek | Apr 11, 2007 11:51:55 AM
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