The Return Of Business Investment

Christian Weller's latest economic snapshot shows that one key indicator of recovery—business investment—seems to be with us:

What would be nice would be to see that matched by an uptick in residential investment. We've actually gotten to the point where there's a shortage of houses in America so you might expect to see this around the corner. The problem is that financing is still all snarled up with foreclosures rising and many homeowners underwater. This seems likely to keep a lid on things. Meanwhile, high oil prices are going to be a big drag on growth.