"As of the first quarter, real nonresidential investment is 23.1% below its long-term pre-crisis trend, slightly wider than in the fourth quarter of 2010."
" no one can argue we had a bubble in nonresidential investment before the crisis started.".
" business investment drought is far bigger than the shortfall in consumer spending. "
"The consumption shortfall is only 9.2% relative to the ten-year trend. "
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