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Image: Daniel Wiadro on Unsplash
US factory orders were up 1% in October, continuing a growth streak (recovery, rather) since May 2020. With new machine orders down 0.3%, sticking with maintaining old machinery and getting everything out of already owned assets while the economy is still uncertain seems to be the smart play.
For some, holding onto the spouse and pumping in preventative maintenance costs is less expensive than getting a new one.