A quick euo logy is in order for the 'Uncertainty' myth, the notion pushed by business leaders that's what's holding back the economy is a lack of stable policy in Washington. And that if Washington would just make regulations more clear, and provide certainty on taxes, then the economy would boom.
Washington remains as uncertain as ever, but on Friday we witnessed a rebound in investment spending on equipment for businesses. These are not the purchases that are made when people are paralyzed because of what's going on in DC. These are purchases that are made when demand is picking up (due to stronger households) and businesses have to invest more to keep up.
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