US business investment on fire
That is a bullshit article.
I've noticed that US media has gone to shit in the last 5 years.
US business are prepping for a post pandemic boom? Really?
Globally, corporate capital expenditure, or capex, will jump by 13% this year, according to S&P Global Ratings, with growth in all regions and broad sectors -- especially in semiconductors, retail, software and transportation. Economists at Morgan Stanley forecast that global investment will reach 115% and 121% of pre-recession levels by the end of 2021 and end of 2022, a much faster recovery than previous downturns.
The key word here is Globally. Where is that 13% jump? US or China?
If I was large business I would try to shore up my cash position right now. Between great power competition, QE infinity and COVID, there is no telling how the next 12 months would play out.
Sure, I would order up all the SC I can get my hands on, if Taiwan conflict goes hot. Software is principally behind the COVID distancing and working from home boom. And what transportation are we talking about, transporting humans or goods?
This article might have been true 3-4 months ago, but that was a different era. Once struck, twice shy...... what happens when you've been truck 2-3 times?