A report in the WSJ is another troubling sign for the slow recovery:
- U.S. companies are scaling back investment plans at the fastest pace since the recession.
- Half of the nation’s 40 biggest publicly traded corporate spenders have announced plans to curtail capital expenditures this year or next.
- Business investment in equipment and software—a measure of economic vitality —stalled in the third quarter for the first time since early 2009.
- Corporate investment in new buildings has declined.
- Exports are slowing or falling to such critical markets as China and the euro zone as the global economy downshifts.
