"In particular, heightened business concerns about future sales and further downward revisions to expected earnings threatened to restrain capital spending for some time".
Hoffman says companies aren't as restrained by capital as people think.
Mr. Fisher discussed the fragility of the U.S. economy but felt that it was chiefly nonmonetary factors, such as uncertainty about fiscal and regulatory initiatives, that were restraining domestic capital expenditures, job creation, and economic growth.
Mr. Fisher said he did not think further monetary easing would do much, since he "felt that it was chiefly nonmonetary factors, such as uncertainty about fiscal and regulatory initiatives, that were restraining domestic capital expenditures, job creation and economic growth".
Excess global capacity is restraining U.S. capital spending, and the huge monetary and fiscal stimuli of the early 2000s are history.
Bob Trunchion, a partner with accountants Macintyre Hudson, says the Chancellor has also in effect put a stop to the complex Melville 2 scheme, used by those who wanted to pass assets to the next generation but were restrained by the capital gains tax that would be payable when the gift was made.
Suzanne Nora Johnson, a rapporteur for several groups of experts looking at the macroeconomic challenge, even argued that an essential ingredient of any solution is ensuring that "nothing can restrain trade, capital-market flows and regulatory arbitrage".
When capital is restrained, measure installation occurs over several years, reducing energy and cost savings over the investment lifetime.
The IMF helps cash-strapped countries, but the fund was conceived in an era when capital flows were restrained.
That may have helped attract capital to stocks, and restrained the market from falling further.
