Rosenberg: U.S. Fiscal Cliif Hurting CAPEX and Already Pushing Economy Into Recession (Chart Porn)

“A few weeks ago, we mentioned that Gluskin-Sheff economist David Rosenberg was worried about the sharp downturn in the year-over-year growth rate of the 3-month average of core CAPEX (capital expenditure) orders.

His interpretation: The fiscal cliff is already creating a lot of uncertainty, and could be pushing the US economy closer to recession.

Now everybody is talking about this fact and this chart.”

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