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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>"Capital spending faces big squeeze" | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="Mp2XtNLNPu"&gt;&lt;a href="https://www.nakedcapitalism.com/2007/06/capital-spending-faces-big-squeeze.html"&gt;"Capital spending faces big squeeze"&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2007/06/capital-spending-faces-big-squeeze.html/embed#?secret=Mp2XtNLNPu" width="600" height="338" title="&#x201C;"Capital spending faces big squeeze"&#x201D; &#x2014; naked capitalism" data-secret="Mp2XtNLNPu" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>One of the hopes, or more accurately, fantasies of a few months ago was that increased business investment would offset slowing consumer spending. This forecast defied basic logic. Why would businesses take on more risk if consumer buying, the big driver of the economy, was sluggish? One would expect lower rather than higher capex. And [&hellip;]</description></oembed>

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