Expert on Capital Expenditure Falling Despite Recovery

As businesses take advantage of investor demand on the stock market, they are actually trimming back their capital expenditure on things like new plants and machinery—it might be surprising given all the headlines of a strong economic recovery ahead.

NTD asked Daniel Lacalle, an advisor to many a multinational firm who is now managing $6 billion of assets for the Tressis hedge fund, why the surprising reading.

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