Capital Spending

US Economy Is Fine & The Fed Should Be Turning More Hawkish

Aug 5, 2026 4 min read paid

I. Macro The economy's two most important engines of economic growth, consumer spending and business investment, are booming. In Q2-2026 real GDP, consumption expenditures increased 3.3% (saar) and nonresidential fixed investments jumped 8.4%. The headline and core GDP deflators, the most comprehensive measures of economy-wide inflation, rose 4.3% y/y and 3.8% (chart). Fed officials should be turning hawkish. Recent Q2 earnings

Ed Yardeni
Elias Griepentrog

From The 'Art Of The Deal' To The 'Concept Of A Deal' In One Day

Jan 21, 2026 3 min read paid

Just yesterday, we wrote that "the latest [stock market] pullback won't last long," partly because we "expect the Greenland issue will be resolved." It seemed resolved this afternoon when President Donald Trump said that he and NATO Secretary General Mark Rutte "formed the framework of a future deal with respect to Greenland." The President told CNBC that "we have a concept

Ed Yardeni

Animal Spirits Boosting Capex Plans

Feb 4, 2025 2 min read paid

Google-parent Alphabet’s stock sank 7% after the closing bell today following its Q1 earnings report. That was partly because the company announced much higher 2025 capital expenditures than analysts anticipated. After spending $14.28 billion on CapEx in Q4-2024 (above the consensus estimate of $13.26 billion), Alphabet will spend $75 billion on CapEx during 2025, said CEO Sundar Pichai, mostly on building out its AI-related

Ed Yardeni

The US Economy Remains Bullish

Jan 25, 2024 2 min read paid

One day, there will be a recession. It just didn't happen in 2022 or 2023, as was widely predicted. The best growth rates in real GDP over this two-year period occurred during the final two quarters of 2023 at 4.9% and 3.3% (chart). Real GDP rose 2.5% during 2023 following 1.9% during 2022. (Several economists got the magnitudes right, but the signs wrong.

Ed Yardeni

Construction Is Booming Despite Housing Recession

Jul 3, 2023 1 min read paid

The single-family housing market has been in a recession since early 2022. Housing is among the most interest-rate sensitive sectors of the economy. It tends to go down first when the Fed is raising interest rates, setting the stage for a broader economy-wide recession. So far, it's been different this time. Total construction--including residential, nonresidential, and public--rose to yet another record high in

Ed Yardeni

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US Economy Is Fine & The Fed Should Be Turning More Hawkish

From The 'Art Of The Deal' To The 'Concept Of A Deal' In One Day

Animal Spirits Boosting Capex Plans

The US Economy Remains Bullish

Construction Is Booming Despite Housing Recession