Capital Spending

Animal Spirits Boosting Capex Plans

Feb 4, 2025 2 min read paid

Google-parent Alphabet’s stock sank 7% after the closing bell today following its Q1 earnings report. That was partly because the company announced much higher 2025 capital expenditures than analysts anticipated. After spending $14.28 billion on CapEx in Q4-2024 (above the consensus estimate of $13.26 billion), Alphabet will spend $75 billion on CapEx during 2025, said CEO Sundar Pichai, mostly on building out its AI-related businesses. That'

Ed Yardeni
Eric Wallerstein

The US Economy Remains Bullish

Jan 25, 2024 2 min read paid

One day, there will be a recession. It just didn't happen in 2022 or 2023, as was widely predicted. The best growth rates in real GDP over this two-year period occurred during the final two quarters of 2023 at 4.9% and 3.3% (chart). Real GDP rose 2.5% during 2023 following 1.9% during 2022. (Several economists got the magnitudes right, but the signs wrong.) We

Ed Yardeni

Construction Is Booming Despite Housing Recession

Jul 3, 2023 1 min read paid

The single-family housing market has been in a recession since early 2022. Housing is among the most interest-rate sensitive sectors of the economy. It tends to go down first when the Fed is raising interest rates, setting the stage for a broader economy-wide recession. So far, it's been different this time. Total construction--including residential, nonresidential, and public--rose to yet another record high in May (chart). That's

Ed Yardeni

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Animal Spirits Boosting Capex Plans

The US Economy Remains Bullish

Construction Is Booming Despite Housing Recession