Business keeps cutting capital investment (see chart, source: ZeroHedge). Growth has been deep in negative territory for some time. Profits, meanwhile, keep declining as well.
Capital investment is the main ingredient for increasing profits because it improves productivity. It is also a harbinger of stronger business conditions.
This trend is worrisome and reflects a struggling economy neutered by misguided monetary policy and political management.
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Thank you for visiting this site.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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