5/18/15

Bad news - business is not investing

 

Order for capital investment declined -3.2% y/y.
 
Business is not expanding or improving capacity. This means
business activity is perceived to be unfavorable to
expansion.
 
These data support our view the economy is weak at best,
already in a recession at worst.

George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
Author, Profiting in Bull and Bear Markets
No. 1 bond timer in the past 12 months. 



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