Sean Corrigan’s Material Evidence: the declaration of the end of the recession vs cries of crisis, the role of business spending, new money, the divorce of stock prices from reality and commodities.
Material Evidence 2009 09 16
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Why an increase in capital goods may not always be good for economic prosperity
The annual rate for US non-military capital goods orders excluding aircraft fell to 1.9% in September from 7.8% in August to stand at $69.6 billion. Observe that…