Inflation has been a big focus of Wall Street in recent months, and it won't go away any time soon. But where do we stand with inflation? Has it peaked, or will it continue higher? Q2 2021 hedge fund letters, conferences and more Nic Johnson of PIMCO, Catherine LeGraw of GMO, and Evan Rudy of Read More
- Maintenance CAPEX (CAPEX at the level of current depreciation) is usually steady and has been growing each year in Asia
- CAPEX for growth is the variable item that can be adjusted by management based on perceptions of economic conditions
- CAPEX for growth was flat in 2013 and dropped in both 2014 and 2015 as management pulled back on investment
Chart shows our bottom-up aggregate of Asian non-financial companies
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