When the St Louis Fed prints data about non-defense durable capital orders, does it distinguish between orders for use in US based plants and orders for use in foreign operations? Moreover, what effect would a 100% depreciation tax allowance have on capital goods orders his year? It is a bit astonishing that capital good orders--outside of real estate related business--could be so strong and unemployment so high and employment population ratio so weak. I guess that goes to confirm how much overwork there must be presently, as documented in the piece that Jim posted. LR
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