Bloomberg: ‘Stars Have Aligned’ to Boost Capital Spending



In a report on the economy, Bloomberg said the long-awaited pickup in U.S. business investment will take place this year.

Bloomberg notes, according to economists, that the oldest capital stock in decades, more clarity on fiscal policy, improving growth prospects and companies awash in cash mean the stars have aligned to boost spending on commercial structures and equipment.

An economics professor at Stanford University is quoted by Bloomberg as saying, “Conditions are perfect, so business-investment rates should be at the kind of levels we saw in the mid-2000s. Equipment expenditures climbed 8.6% on average from 2004 to 2006. If it doesn’t come this year, it’s never going to come.”

To view the full Bloomberg article, click here.

Leave a comment

No tags available

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com