/1
"The historical linkage between corporate tax rates and investment growth is non-existent [almost zero, but the correlation] between [interest] rates and investment actually has the wrong sign [they're positively correlated]"
#capex #macro #fiscalpolicy
"The historical linkage between corporate tax rates and investment growth is non-existent [almost zero, but the correlation] between [interest] rates and investment actually has the wrong sign [they're positively correlated]"
#capex #macro #fiscalpolicy
https://twitter.com/modestproposal1/status/1113080264920612864
/2
"when profits are growing, so does investment [which] also shows a stronger connection with growth expectations – when CEOs expect stronger growth they also are planning higher levels of capex growth"
"when profits are growing, so does investment [which] also shows a stronger connection with growth expectations – when CEOs expect stronger growth they also are planning higher levels of capex growth"
https://twitter.com/modestproposal1/status/1113080714927505409?t=vGfKALIeOJdPLixcAyhnRQ&s=19
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