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|Subject: Honey, I shrunk the economy||Date: 11/19/2012 7:06 PM|
|Author: fleg9bo||Number: 656027 of 683021|
Investment Falls Off a Cliff
U.S. companies are scaling back investment plans at the fastest pace since the recession, signaling more trouble for the economic recovery. Sudeep Reddy reports on Markets Hub. Photo: AP.
Half of the nation's 40 biggest publicly traded corporate spenders have announced plans to curtail capital expenditures this year or next, according to a review by The Wall Street Journal of securities filings and conference calls.
Nationwide, business investment in equipment and software — a measure of economic vitality in the corporate sector — stalled in the third quarter for the first time since early 2009. Corporate investment in new buildings has declined.
Another $5.5 trillion in debt ought to get things going again.
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