While it's true that capacity use rates are very low, it's also true that much of that capacity has been rendered obsolete by technological advances and that replacement of capital is faster than it used to be. So a lot of businesses may feel they have little choice but to spend, if they want to preserve their competitive edge.
More Quotes from David Resler:
This is not a policy of indifference. This is a policy of additional restraint. Contrary to what they say, they think the inflation threat is graver than the threat to growth.David Resler
Consumer confidence follows oil prices quite significantly. The drop in oil prices since the start of the war has had a quick and immediate impact on people's attitudes.
David Resler
We're going to get some extra employment growth as people displaced by the hurricanes find their way back into the job market, and that's likely to continue in the first few months of this year.
David Resler
Nevertheless, money supply contractions are often harbingers of bad times ahead, and if this lasts much longer, people will get more concerned.
David Resler
It's going to take a lot more than one month to convince me we are in a worrisome trend.
David Resler
It's as good as it gets. You've got low inflation, minimal wage pressure, great productivity, booming growth and strong demand.
David Resler
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce Quotes, Capital QuotesThe past is our definition. We may strive, with good reason, to escape it, or to escape what is bad in it, but we will escape it only by adding something better to it.
Wendell Berry
Consistency, madam, is the first of Christian duties.
Charlotte Bronte
Suddenly a single shot on the extreme left rang out on the clear morning air, followed quickly by several others, and the whole line pushed rapidly forward through the brush.
John Gibbon