Not much I am going to say in this edition except to point out the incredible dominance of IT equipment in US investment and how much has changed in such a short period of time.

Actual chained value data is available back to 1995, which is convenient for my point since it was the last year in which investment in industrial equipment matched investment in information processing equipment.

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What’s interesting is the extent to which Information Processing is coming to dominate all investment period. For example, here are Non-residential structure – all of them from offices to malls to mine shafts – compared to IT.

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