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The Boom gains steam

December 23, 2010

 

We have news like this from Bloomberg:

Demand for U.S. Capital Goods Rebounds as Spending Holds Up

Great, Great news.

The more interesting take away is that there must be lots of business sitting on the fence about spending right now. Business has picked up a bit in the last few months, but they are not certain about the recovery – few people are after the last years.

The business tax cuts – really an accelerated writeoff – are coming at a good point in the cycle.   The impact from the tax cuts is likely to be larger than expected.

 

 

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