The revised 2Q14 GDP numbers last week have rekindled hopes of a corporate capital spending revival in the U.S. It was the second estimate (preliminary), so there is one more revision to go. Nevertheless, several inputs related to corporate spending … Continued
At hedgopia, we try to be as objective as possible. Currently, this blogger is bearish insofar as U.S. equities and economy are concerned. Nevertheless, as someone famously said, “When the facts change, I change my mind. What would you do, … Continued
Non-residential fixed investment contributed 0.68 percent to the four-percent growth in U.S. gross domestic product in the second quarter. A much larger 1.69 percent came from personal consumption expenditures. Back in 1Q08, non-residential fixed investment peaked at $1.99tn, preceded by … Continued
Unlike a consistent Steady-Eddie CSCO of the past, the company’s quarterly results of late have been a hit-and-miss. In the U.S., business capex is lackluster but steady. In November last year, CSCO spooked investors with a downbeat outlook. In February … Continued