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Nonresidential fixed investment fell 2.8% in the first quarter of 2015, the sharpest decline since the final months of 2009. Spending on structures contracted 20.8%, likely a reflection of cheaper oil prices forcing oil and gas companies to slash investments in wells and related facilities.
Uh, No. Anyone who lives in NY, and that includes many of the investment managers, should know better. This was a horrible winter. I spent lots of days indoors...day after day after day. I tried to take some courses and a great many of the classes were cancelled.
Uh, No. Anyone who lives in NY, and that includes many of the investment managers, should know better. This was a horrible winter. I spent lots of days indoors...day after day after day. I tried to take some courses and a great many of the classes were cancelled.
Is this the new normal? Weather shouldn't always be the culprit.
The actual culprits recently have been a deceleration in personal consumption expenditures and downturns in exports, nonresidential fixed investment, and state and local government spending. These were partly offset by a deceleration in imports, and upturns in federal government spending and private inventory investment. Does any of that mean anything to you?
Probably not much. But you're both right. QE did in fact end last October, and the winter weather was enough worse than usual that seasonal adjustment factors will not have wrung all of of the wintry effect from the data.
Probably not much. But you're both right. QE did in fact end last October, and the winter weather was enough worse than usual that seasonal adjustment factors will not have wrung all of of the wintry effect from the data.
Just as an aside QE did end in October but it had been winding down for some time and the point in it was terminated was a small fraction of the monthly activity it once was
Just as an aside QE did end in October but it had been winding down for some time and the point in it was terminated was a small fraction of the monthly activity it once was.
Quite so, while some seem to think that it just kept right on going. Odd.
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