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23rd Jun 2015 04:47U.S., Economic Monitor

We are intrigued by the idea that the rollover in oil firms' capital spending on equipment might already be over, even as spending on new well-drilling--captured by the still-falling weekly operating rigs data--continues to decline. The evidence to suggest equipment spending has fallen far enough is straightforward.

oil capex homes mortgages prices equipment orders home sales

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Keywords for: 23 June. 2015 Oil Firms' Equipment Capex Can't Fall Forever - is it Close to Bottom?

oil, capex, homes, mortgages, prices, equipment, orders, home sales,