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Anecdotally, I've become skeptical of US business investment and production metrics. Companies can ramp up investment into assets or expand production of asset
by lumost 5y ago
Anecdotally, I've become skeptical of US business investment and production metrics. Companies can ramp up investment into assets or expand production of assets without producing consumer/b2b goods.
We capture increased production and investment in speculative assets as economic growth when it may not yield any new production.