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The Coming Economic Boom Will Be Just a Mirage
Bloomberg, Mar. 10, 2021–Gary Shilling
Forecasts of 6% to 8% growth in real gross domestic product this year are common, but where will it come from? Not from plant and equipment outlays, which remain subdued by business uncertainty and excess capacity. Real capital spending has risen at only a 1.6% annual rate since 2007. Housing has been strong, but residential construction is just 3.7% of GDP. (MBA mention)
https://www.bloomberg.com/opinion/articles/2021-03-10/the-coming-economic-boom-will-be-just-a-mirage