{"id":17031,"date":"2018-09-10T04:38:48","date_gmt":"2018-09-10T04:38:48","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=17031"},"modified":"2018-09-10T04:38:48","modified_gmt":"2018-09-10T04:38:48","slug":"capital-spending-on-the-rise","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2018\/09\/10\/capital-spending-on-the-rise\/","title":{"rendered":"Capital spending on the rise"},"content":{"rendered":"

Just released July 2018 manufacturers’ new orders for capital goods, excluding defense and aircraft, show that the recovery is gathering speed.<\/p>\n

\"Manufacturers<\/p>\n

Any fears that easy money has undermined capital budgeting restraints \u2014 and that the economy is entering the final heady stages of a boom before the bust \u2014 can be dispelled by adjusting the above graph for inflation.<\/p>\n

\"Manufacturers<\/p>\n

Adjusting manufacturers orders by the GDP implicit price deflator shows that the recovery in capital spending has barely started and is a long way from the excesses preceding the Dotcom crash and the GFC.<\/p>\n","protected":false},"excerpt":{"rendered":"

Just released July 2018 manufacturers’ new orders for capital goods, excluding defense and aircraft, show that the recovery is gathering speed. Any fears that easy money has undermined capital budgeting restraints \u2014 and that the economy is entering the final heady stages of a boom before the bust \u2014 can be dispelled by adjusting the … <\/p>\n

Continue reading “Capital spending on the rise”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3761,34],"tags":[1828,3913],"class_list":["post-17031","post","type-post","status-publish","format-standard","hentry","category-gdp-and-activity","category-us-canada-countries-regions","tag-inflation","tag-manufacturers-new-orders-for-capital-goods"],"yoast_head":"\nCapital spending on the rise - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital spending on the rise - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Just released July 2018 manufacturers’ new orders for capital goods, excluding defense and aircraft, show that the recovery is gathering speed. 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Inflationary pressures appear contained, easing Fed motivation to implement restrictive monetary policy. Personal consumption continues to grow at a modest pace. The down-turn in expenditure on\u2026","rel":"","context":"In "Housing"","block_context":{"text":"Housing","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/housing-economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29407,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/11\/27\/capital-goods-orders-rise\/","url_meta":{"origin":17031,"position":1},"title":"Capital goods orders rise","author":"Colin Twiggs","date":"November 27, 2021","format":false,"excerpt":"Manufacturers' new orders for capital goods climbed to $78.6 billion in October, making steady progress since breaking through the $70 billion ceiling one year ago. But the plight of the manufacturing sector is best illustrated by plotting new capital goods orders against GDP (purple above). The ratio has more than\u2026","rel":"","context":"In "Investment & Infrastructure"","block_context":{"text":"Investment & Infrastructure","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/investment-infrastructure\/"},"img":{"alt_text":"New Orders: Capital Goods Excluding Aircraft","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-26-neworders-capitalgoodsxaircraft.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-26-neworders-capitalgoodsxaircraft.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-26-neworders-capitalgoodsxaircraft.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-26-neworders-capitalgoodsxaircraft.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":41044,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/03\/01\/dont-trust-the-vix\/","url_meta":{"origin":17031,"position":2},"title":"Don’t trust the VIX","author":"Colin Twiggs","date":"March 1, 2023","format":false,"excerpt":"10-Year US Treasury yields broke resistance at 3.90% and are now retracing to test the new support level. Respect would confirm the target of 4.20%. The S&P 500 retreated from resistance at 4200 over the last month as long-term yields rose. Annual rate-of-change continues to signal a bear market. Volatility\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-03-01-10y.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-03-01-10y.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-03-01-10y.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":18521,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/07\/06\/still-cautious\/","url_meta":{"origin":17031,"position":3},"title":"Still cautious","author":"Colin Twiggs","date":"July 6, 2019","format":false,"excerpt":"Inflationary pressures are easing, with average hourly earnings growth declining to 3.35% in June, for Production and Non-Supervisory Employees, and 3.14% for Total Private sector. But this warns that economic growth is slowing. Annual growth in hours worked has slowed to 1.25%, suggesting a similar decline in GDP growth for\u2026","rel":"","context":"In "Deficit Spending & Employment"","block_context":{"text":"Deficit Spending & Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28594,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/10\/29\/slowing-gdp-growth\/","url_meta":{"origin":17031,"position":4},"title":"Slowing GDP growth","author":"Colin Twiggs","date":"October 29, 2021","format":false,"excerpt":"Real GDP growth slowed to 0.5% in the third quarter, or 2% annualized. Not a lot to get excited about. Retail Sales (excluding motor vehicles and parts) are up roughly $80 billion per month, or $1 trillion annualized, compared to pre-pandemic levels of $420 billion per month. But the entire\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61851,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/28\/signal-to-noise\/","url_meta":{"origin":17031,"position":5},"title":"Signal vs Noise","author":"Colin Twiggs","date":"May 28, 2025","format":false,"excerpt":"Summary The signal-to-noise ratio is exceedingly high, with market volatility obscuring the underlying trend. Ignore the background noise of Trump policy flip-flops and focus on the effect of rising fiscal debt and long-term interest rates. The S&P 500 is consolidating below 6000, a bullish sign. A breakout above 6100 would\u2026","rel":"","context":"In "US & Canada"","block_context":{"text":"US & Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-27-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-27-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-27-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=17031"}],"version-history":[{"count":1,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17031\/revisions"}],"predecessor-version":[{"id":17032,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17031\/revisions\/17032"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=17031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=17031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=17031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}