What the heck? Here’s what the Trump-Hassett CEA reports in February. Source: ERP, 2019, as edited by MDC (orange arrow). Consider carefully the bars highlighted by the orange arrow. If you look at the data for equipment investment in real terms, 2009Q3-2019Q1 (2nd release), one obtains the following graph. It’s hard to see how the … Continue reading Deciphering Figure 1-6 in the 2019 Economic Report of the President