Gross Private Domestic Investment is falling off a cliff
I’ve seen this graph at both Mises Economics Blog and Zero Hedge today. This is an important component of GDP. GDP is C+I+G+NX (consumption, investment, government, net exports), and I is this graph minus depreciation. In terms of percent change from a year ago, we’re experiencing a decline we haven’t seen since the 50s. In absolute terms, we’ve never seen a decline like this.
This certainly qualifies as a Chart o’ Doom (also, that’s the second time I’ve misposted. Apologies)