In our September 27th post we discussed the importance of capex(investing on the part of companies in business-expanding capital); an essential ingredient in a healthy, growing economy. The post serves as a nice, and very short, primer on capex. We were seeing strong hints at the time that business were on the verge of taking meaningful productivity-enhancing measures. Well, today's durable goods orders says those hints were right on the money. Courtesy of Bespoke Investment Group:click to enlarge... This is welcome news!
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