Sunday, March 24, 2013

Deep Thoughts (Sunday Morning Insight Edition) What American Manufacturing Renaissance?

From BI: One of the big emerging economic stories in the world today is the American manufacturing renaissance.  This is the idea that low energy prices, increasing productivity, and rising costs overseas would invigorate the production of goods in the U.S.

Goldman Sachs' Jan Hatzius acknowledges that much of the recent economic data seems to support the idea that U.S. manufacturing is improving. However, Hatzius argues that all of the signs reflect a recovery that is "squarely cyclical," not structural. … 

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