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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