...the proxy for business investment - bookings for non-military capital goods orders excluding aircraft - fell 0.5% after a downwardly revised 0.6% drop the prior month... and down 1.8% YoY - the weakest since Trump's election...
"Draghi was never able to raise rates during his term, instead pumping ever-more liquidity into the financial system as he fought one crisis after another."
When GDP growth, gross capital formation, and consumption are lower than what Keynesians would want, they always blame the alleged problem on “too much saving.” This is a ridiculous premise...
"Some Chinese companies made overseas acquisitions at the top of the cycle and ended up overpaying for assets that did not make a lot of strategic sense. They are now finding it challenging to offload those businesses at fair values."
