Posted on 02/29/2012 7:21:49 PM PST by blam
My friend (a shipping broker) tells me that equipment going to South America is booming. He's getting high dollar to ship there these days. He said speedy delivery was more important than price.
So? I'm still paying $3.80 per gallon. This is not comforting.
Wednesday, February 29, 2012
Robert Wenzel
The Fed said in its report, known as the Beige Book said that all 12 of its banking districts reported some level of growth in January and the first half of February.
Manufacturing output rose in all districts. Auto manufacturing, steel makers and other metal producers all reported solid growth.
Home sales increased in at least half of the districts.
The Beige Book is released eight times a year. The findings from each of the Fed's regional bank districts are all anecdotal; there are no numbers.
I urged my subscribers at Capital & Crisis to buy ...
All I had to see to know the entire article was BS. “My friend (a shipping broker)....”, more of the sell. Save your bucks and invest in pixie dust .... you’ll probably get better returns!
What we have lost in the interim is the vertically integrated infrastructure that won WWII. We have pieces in place, but we need the continuity from the mines to the steel mills and the machine shops; from the farms to the railheads to the ports. From the cottonfields to the fabric mills to the seamstresses to the retail outlet. Too many pieces of the puzzle have disappeared, atrophied, outsourced or been denigrated as beneath us.
Self-sufficiency and security start with vertical integration; then we move to strategic alliance with like-minded freedom-loving countries next to fill the gaps (rare minerals, safe passage, etc.)
Lastly we negotiate with unfriendlies to accomplish goals.
The Beige Book is released eight times a year. The findings from each of the Fed’s regional bank districts are all anecdotal; there are no numbers.
Note the “there are no numbers.” part of the statements ... kind of hard to prove or disprove without numbers, but I would lean towards “disprove” based upon the sterling past performance of the FED and the Food Stamp President’s administration.
Something surprising stirs in the US economy. Something no mainstream pundit would've dared predict. Something most people probably won't believe. US manufacturing is staging a comebackApropos of nothing, a lot of journalists get paid off in illegal narcotics.
I spoke to my niece in MN today. The Caterpillar plant there is expanding and is so short on workers that they’ve added a bus route to bring in workers.
Right! That’s why durable goods dropped 4 percent last month./
Huh?
I have nothing to sell nor an axe to grind.
I'm a retired chip-maker from Texas.
I try to present all sides of the news...
My friend owns a shipping brokerage company.
It’s the US vs China wage chart that gets me. I wish they’d continued it out about another ten years, i wanted to see where the Chinese wages go to infinity.
The wage gap is getting smaller, true, but US regulations, legal and political environment still substantially hinder investment in manufacturing.
Could be they KNOW a new President is on the way.
Or, could be The Great Comeback to put OB in the position as the comeback kid.
The US entered the 1980's as the biggest machine tool builder in the world and exited number 5, behind such industrial powerhouses as Italy.
Whatever it is, OBAMA is still a one termer.
If the markets anticipate an Obama win, they will stall out. They are counting on a Republican Congress and a reasonable chance of a Republican president. That will lead to a booming energy industry which lead the economic recovery, reduce our balance of payments, strengthen the dollar, and restore the US as the world’s manufacturing leader. Thus more foreign companies will build plants here. It’s all good— if we get rid of Obama.
I predicted this to a friend of mine.
After all the money that has been pumped into the system we should expect some sign of a recovery...the long term problems remain-undealt with, so....it's temporary.
The MSM (state run media) have begun pounding the drum for Obama.
We'll be overwhelmed with feel-good, recovery stories before the election.
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