I apologize...I've only now gotten around to analyzing the tech spending numbers in the latest GDP report.

Here's the bottom line--in the second quarter, business and consumer spending on info tech and entertainment hardware and software accounted for 4.75% of GDP. That's the lowest level since 1995.

The lowest level since 1995. See the chart below. Astounding and depressing. No signs yet of a breakout on the upside.

(These numbers include business investment in information processing equipment and software, and consumer spending on video and audio goods, including computer goods)

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