Taps Coogan – November 1st, 2021
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US spending on capital goods – buildings, machinery, equipment, vehicles, and tools used to make finished goods – continues to surge to unprecedented levels, as the following chart from the Daily Shot via Win Smart, CFA highlights.
If you needed more evidence that the surge in inflation and compounding supply chain problems aren’t simply base effects, working through some supply chain problems, or ‘getting back to pre-Covid’ levels, there you go.
Continuing to pour record monetary and fiscal stimulus onto this is madness.
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