This doesn't look like a slowing economy to me
Advertisement
The US economy is rolling along.
Advertisement
Advertisement
In a note to clients following the market close on Thursday, Deutsche Bank economist Torsten Sløk, who has been notably bullish on the US economy over the last year, circulated a chart showing that when you look at R&D spending trends, the economy appears solid.
Sløk writes that the, "US expansion continues and R&D growth in the US is on a steady uptrend and at levels last seen in 2006 and in the late 1990s. Combined with GDP and jobless today and durable goods and consumer confidence earlier this week, this doesn't look like a slowing economy to me."
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Rupee declines 5 paise to 83.43 against US dollar in early trade
- Election Commission issues notification for sixth phase of Lok Sabha polls
- 6 Coffee recipes you should try this summer
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school