Spot The CapEx Rebound (And/Or Growing Economy)

... 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).

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