A Picture of “Less Bad”

Recently published estimates of second quarter investment in equipment and software provide an excellent example of the U.S. economy’s “less bad” trend. While the level of overall expenditures on equipment and software remains depressed, in line with its levels of 2000-2002, the quarter to quarter percentage change is rising — though still negative — as can be seen in these images.

http://symmetrycapital.net/images/20090828_NRIPDC96_Max_630_378.png

http://symmetrycapital.net/images/20090828_NRIPDC96_QOQ_fredgraph.png