13/9/16: U.S. business investment slump: oil spoil?

Credit Suisse The Financialist recently asked a very important question: How low can U. S. business investment go? The question is really about the core drivers of the U. S. recovery post-GFC.
As The Financialist notes: ‘Over the last 50 years, there has usually been just one reason that businesses have slashed investment levels for prolonged periods of time – because the economy was down in the dumps.’

This post was published at True Economics on September 13, 2016.