{"id":345481,"date":"2025-07-07T13:59:04","date_gmt":"2025-07-07T18:59:04","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/07\/07\/business-fixed-investment-ex-iip-and-policy-uncertainty\/"},"modified":"2025-07-07T13:59:04","modified_gmt":"2025-07-07T18:59:04","slug":"business-fixed-investment-ex-iip-and-policy-uncertainty","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/07\/07\/business-fixed-investment-ex-iip-and-policy-uncertainty\/","title":{"rendered":"Business Fixed Investment ex-IIP and Policy Uncertainty"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-57132\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>A picture (or two) is worth a thousand words:<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/07\/nfbinv_epunews.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-57133\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/07\/nfbinv_epunews.png\" alt=\"\" width=\"1036\" height=\"576\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/07\/nfbinv_epunews.png 1036w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/07\/nfbinv_epunews-300x167.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/07\/nfbinv_epunews-1024x569.png 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/07\/nfbinv_epunews-768x427.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/07\/nfbinv_epunews-624x347.png 624w\" sizes=\"(max-width: 1036px) 100vw, 1036px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong> Sum of nonresidential equipment and structures investment, bn.Ch.2017$ SAAR (blue, left scale), and EPU (news). NBER defined peak-to-trough recession dates. Source: BEA, policyuncertainty.com, NBER, and author\u2019s calculations.<\/em><\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/07\/nfbinv_epubl.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-57134\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/07\/nfbinv_epubl.png\" alt=\"\" width=\"1036\" height=\"576\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/07\/nfbinv_epubl.png 1036w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/07\/nfbinv_epubl-300x167.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/07\/nfbinv_epubl-1024x569.png 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/07\/nfbinv_epubl-768x427.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/07\/nfbinv_epubl-624x347.png 624w\" sizes=\"(max-width: 1036px) 100vw, 1036px\"\/><\/a><\/p>\n<p><em><strong>Figure 2:<\/strong> Sum of nonresidential equipment and structures investment, bn.Ch.2017$ SAAR (blue, left scale), and EPU (legacy three component version). NBER defined peak-to-trough recession dates. Source: BEA, policyuncertainty.com, NBER, and author\u2019s calculations.<\/em><\/p>\n<p>I doubt that policy uncertainty will decline to pre-Trump 2.0 levels, given (in my opinion) Mr. Trump\u2019s ongoing cognitive decline and inability to restrain his impulsiveness.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2025\/07\/business-fixed-investment-ex-iip-and-policy-uncertainty\" title=\"11:10 am\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2025-07-07T11:10:34-07:00\">July 7, 2025<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2025\/07\/business-fixed-investment-ex-iip-and-policy-uncertainty\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] A picture (or two) is worth a thousand words: Figure 1: Sum of nonresidential equipment and structures investment, bn.Ch.2017$ SAAR (blue, left scale), and<\/p>\n","protected":false},"author":1,"featured_media":345482,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/345481"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=345481"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/345481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/345482"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=345481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=345481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=345481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}