There has been some recent panic in the financial and mortgage markets over the concern that interest rates seem to be headed up. This has happened suddenly and stands in contrast to what I have been saying from the beginning of the pandemic: interest rates will stay low for a very long time. So what changed? It began when a…
Read MoreInvestment in equipment and software is projected to expand 4.1 percent in the new year, during which gross domestic product is projected to increase 2.3 percent over 2018, according to the Equipment Leasing & Finance Foundation. The Washington, D.C. group’s 2019 Equipment Leasing & Finance U.S. Economic Outlook notes that such investment increased at a robust rate in the first half of last year, driven by more preferable tax treatment and a general upswing in the U.S. economy. However, growth slowed in the third quarter and recent federal government figures suggest a continuation of the trend, spelling a weak 2019 springboard.
Read MoreFederal highway and transit investment programs impart economic benefits across the U.S. economy, according to an IHS Inc. study commissioned by the American Road & Transportation Builders– and Associated General Contractors-led Transportation Construction Coalition.
Read More