Fixed private investment includes non residential (structures, equipment, software) and residential investment.
Its growth over 12 months is declining quite rapidly, suggesting the US economy is in the midst of a serious slowdown.
It is unlikely the Fed will raise interest rates with business activity heading in the wrong direction.
More on www.peterdag.com.
George Dagnino
aka Peter Dag
Editor, The Peter Dag Portfolio
Since 1977
2/21/07
Investment trends confirm slowdown
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1 comment:
George,
I really like your use of charts and your description of the meaning of the chart.
Very helpful.
Lou
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