Capex and Taxes; What The Corporate Sector Is Saying About the Economy
Private US businesses are not building new facilities, or renovating old ones, at a rate that suggests the economy is doing well. Let alone booming. For more than two years now, the aggregate level of Private Non-residential Construction Spending has been flat. According to the Census Bureau in figures released today, construction capex in July 2018 (seasonally adjusted) was less [...]
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