Is the Surge In Capital Goods Orders Due to Malinvestment?Guest Post
Is the Surge in Capital Goods Orders Due to Malinvestment? by Frank Shostak, Ludwig von Mises Institute
Orders for US non-military capital goods excluding aircraft rose by 0.6 percent in August after a 0.2 percent decline in July to stand at $73.2 billion. Observe that after closing at $48 billion in May 2009, capital goods orders have been trending up.
Most commentators regard this strengthening as evidence that companies are investing both in . . .
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