A friend of mine, Rob, has been complaining for years that corporations have not been making capital expenditures. Rob has a forklift resale business, and by his measure, this has been the slowest economic recovery ever from a recession. Rob’s not alone, either. Many would agree that the past few years have marked a definite collapse in long-term business investments.
However, in recent months, both Rob and I have noticed an uptick in capital expenditures. At first, we figured it may be a momentary blip. But we’ve found more and more signs that this may truly part of a larger trend. Only time will tell to be sure — but in the meantime, here’s a look at some of the evidence to suggest that the tides are turning on capital spending.Read More