Spot The CapEx Rebound (And/Or Growing Economy)

Tyler Durden's picture

... Although if one has trouble finding an upward inflection point in this chart showing the annual change in actual shipments (not cancelable orders) of non-defense capital goods excluding aircraft, we understand.

When the black line finally crosses the red line in a downward direction - traditionally a confirmation of recession - expect the "all is well" propaganda to hit unseen highs (in lieu of the actual economy doing so).