Posted on 11/23/2019 5:28:33 AM PST by Redmen4ever
The numbers: IHS Markit said its U.S. flash manufacturing sector purchasing managers index rose to 52.2 in November from 51.3 in October.
(Excerpt) Read more at marketwatch.com ...
Rush said yesterday that this was the second-longest manufacturing expansion in 50 years.
I am in the heavy construction industry. The market has been generally steady and solid. Maybe monthly ups and downs but overall quite favorable. IMHO the domestic economy is in a pretty good position for employment and steady income growth.
I also think that energy prices are the most important factor. They need to stay low and we will be in good shape.
Lets face it, the national debt issue is a can that can be kicked down the road for a long long long time.
I don’t know about the history of manufacturing. But, overall, we are in the longest period of sustained economic growth in U.S. history.
Jun 2009 to Oct 2019 (so far) - 123 months
Mar 1991 to Mar 2001 - 120 months
Feb 1961 to Dec 1969 - 106 months
Nov 1982 to Jul 1990 - 92 months
Jun 1938 to Feb 1945 - 80 months
https://www.nber.org/cycles.html
SIX MORE YEARS!!!
Energy prices almost can’t screw up the economy again. We just saw in the Iranian-Saudi-Yemeni situation why not: because production in very suppressed right now by cheap costs. Raise the cost, and production increases.
On top of that, keep in mind who’s currently sidelined: Venezuela, Iran AND Syria.
Thanks. I’ll post this with credit.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.