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Responses To: "Is Manufacturing really in decline?"


Subject: "Is Manufacturing really in decline?" created on 06/17/09 by john m
According to the St. Louis Fed, Manufacturing has steadily increased in the US since 1970 (research.stlouisfed.org/fred2/series/IPMAN?rid=13&soid=1) and it is about the same percentage of the economy that it has been for 30 years or more. Now, I find this hard to believe, since I see very few American products in my life, and those that I do see have a high foreign content. So my question is, "What is going on here?" Why do the Fed numbers vary so much from common experience?

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guest says "Contraction" on 06/18/09
According to Mish's Global Economic Trend Analysis:

The Institute for Supply Management May 2009 Manufacturing ISM Report On Business® shows manufacturing in the US contracted for the 16th consecutive month, but at a lower rate.

16th consecutive month!


john m says "Recent Contraction" on 06/18/09
Yes, but that is a recent contraction; the fed numbers show the same thing. What the numbers also claim to show is that Manufacturing has held steady over the last 30 years, which is contrary to the claims of this site. I find the Feds numbers hard to believe based on employment data, and by just looking at the labels on nearly everything I buy. So I am looking for a way to resolve the contradiction.


guest says "Metrics" on 06/18/09
Does the "held steady" mean, what we were producing 30 years ago, we are producing the same thing today? Does that mean if you were making 10,000 widgets and engineers making $700/month 30 years ago and held steady today everything is great? - then as a country we are in serious trouble.

What these people are smoking? What we need is the production quantities (not the rate) and several social metrics from that time to match with where we are today.


guest says "Can somebody doubt that manufacturing is plumbeting?" on 06/22/09
When unemployment goes up - like in this Wall Street Crisis - every worker that is fired to satisfy the bottom line, takes a chunk of production with his departure. Why asking the question when the present crisis is only to get bail-outs from Congress under the pretense of aS timulus for the workers? The stimulus goes to the coffers of the CEOs whols incompetence precipitated the economic crisis, with a little crumbs trickling down for the needy.

Real real economics (the action of using labour and resources to increase the national wealth) before making statements oriented to add brainwashing to the fMedia friend of Madoff who pretent that the fraud of Globalization (the fraud of the G-20) is" Economics"

Jorge Torrealba (Flaquisimo)
Halifax, Ns, Canada


guest says "Can somebody doubt that manufacturing is plumbeting?" on 06/22/09
When unemployment goes up - like in this Wall Street Crisis - every worker that is fired to satisfy the bottom line, takes a chunk of production with his departure. Why asking the question when the present crisis is only to get bail-outs from Congress under the pretense of aS timulus for the workers? The stimulus goes to the coffers of the CEOs whols incompetence precipitated the economic crisis, with a little crumbs trickling down for the needy.

Real real economics (the action of using labour and resources to increase the national wealth) before making statements oriented to add brainwashing to the fMedia friend of Madoff who pretent that the fraud of Globalization (the fraud of the G-20) is" Economics"

Jorge Torrealba (Flaquisimo)
Halifax, Ns, Canada


guest says " "What is going on here?"" on 06/22/09
"What is going on here?" Why do the Fed numbers vary so much from common experience?
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It's probably based on dollar figures, add up the high dollar military toys and the CAT, Boeing type stuff, than twist the content part of some assembly required stuff and call it an american made product when in fact most of the labor intensive parts where imported and we have twisted numbers.

They use 1950's out dated guessimate formula's to arrive at statistics and really have no clue.

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