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Capital goods orders are not robust, but neither are they declining, despite all the bad news out there. Notably, there is nothing like the weakness we typically see in recessions. Businesses are still investing in new plant and equipment, and that is the seed corn for future growth in productivity, so this is a healthy sign.
Thursday, September 25, 2008
Capital goods orders still healthy
Capital goods orders are not robust, but neither are they declining, despite all the bad news out there. Notably, there is nothing like the weakness we typically see in recessions. Businesses are still investing in new plant and equipment, and that is the seed corn for future growth in productivity, so this is a healthy sign.
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2 comments:
Scott,
I love your knowledgeable, wise and straight-talk commentary and greatly appreciate your often profound economic insights.
I check in almost every day.
Your graphs make your comments and opinions cogent and convincing.
Thank you so much!
Are your graphs from a proprietary source or are they available to the general public?
Thank you again
Chaim from Brooklyn, NY
Thanks for the support and encouragement! The charts are my own, produced on a Mac using DeltaGraph.
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