This doesn't look like a slowing economy to me

The US economy is rolling along.

In a note to clients following the market close on Thursday, Deutsche Bank economist Torsten Sløk, who has been notably bullish on the US economy over the last year, circulated a chart showing that when you look at R&D spending trends, the economy appears solid.

Sløk writes that the, "US expansion continues and R&D growth in the US is on a steady uptrend and at levels last seen in 2006 and in the late 1990s. Combined with GDP and jobless today and durable goods and consumer confidence earlier this week, this doesn't look like a slowing economy to me."