SAP co-CEO Bill McDermott (Image via Wikipedia)
Although U.S. businesses express uncertainty over where the economy is headed, they’re nevertheless continuing to spend significant amounts of capital.
“Damn the uncertainty,” a Wall Street Journal blog post said. “Full speed ahead!”
Orders for capex goods rose last quarter, the article said, with spending on non-defense capital goods posting their largest jump in 15 months at 16.7%.
What’s behind this dichotomy? Why are CEOs investing in....