Profile picture
Justin Fox @foxjust
, 8 tweets, 4 min read Read on Twitter
Over the past few months I've seen a lot of headlines intimating that business investment is booming, and a lot saying that it's not. I was confused, so I looked into it…
Turns out not to be any great mystery: capital spending looks great in comparison with 2016 and 2017. But by historical standards it's ... fine.
The capital spending dip in 2016 was mainly the oil and gas industry retrenching; its return to spending has been one of the big drivers of the capex rebound, as @RaphaelBostic explained last month…
Second-quarter capex numbers will be released by @BEA_News tomorrow, along with a GDP growth number expected to top 4%. This will of course lead @realDonaldTrump and his supporters to tweet about the spectacular performance of the economy. But ...
Quarterly growth has topped 4% three times since 2009. Again, the economy is now doing quite well for nine years into an expansion. It's just not *spectacular*. And much of this year's growth uptick can be explained by increased deficit spending…
Also, I should probably add a PSA here about GDP being a flawed, incomplete measure of economic success…
Still, GDP numbers are fun, and tomorrow's release will include a comprehensive update that could mean significant changes to the past few years of data.…
I didn't attach the chart I meant to attach in the second tweet in this thread. It's an OK chart and all, but this one is better.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Justin Fox
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!