Capital Spending Slows To A CanterKaren Pennar
Sure was nice while it lasted.
As the American economy boomed over the last three years, so did capital expenditures. Sales of everything from computers to trucks to machine tools soared, and the U.S. enjoyed the strongest capital-spending boom since the 1960s. Now, as the economy slips into lower gear, the torrid pace of business spending is likely to cool off as well.
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