Jim Hamilton will be writing a more comprehensive assessment of the 2019Q4 advance GDP release tomorrow. For now, I’ll just note that business fixed investment, a forward-looking variable, has registered a negative decline for the last three quarters of 2019.
(Click on image to enlarge)
Figure 1: Investment components, in bn Ch. 2012$ SAAR, all on log scale. Source: BEA 2019Q4 advance release.
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