Posted on 07/05/2016 8:26:30 AM PDT by expat_panama
Not sure what your point is, this all started back in post #1 by my saying "we got the same number of US factory workers we had in 2007". Actually we're right now down about a tenth since '07 and up a tenth since '09 --but if we're changing the subject from U.S. manufacturing to Paul Krugboy's trade % GDP then go right ahead and enjoy. My first thot was that it sounded kind of pointless, like we'd have to include imports/exports for financial/capital assets along w/ that of just goods'n'services but where would we be going here?
I responded to a post claiming that the post-WWII economic boom in the US was due to production capacity in the rest of the developed world being decimated by the war. The US economy wasn’t driven by exports then, so it’s not a factual claim. Even with a boost by the Marshall Plan it didn’t go above 6.5% of GNP.
Zero Hedge = Zero Ledge: We have run out of the ledge and are about to drop in the abyss.
Do you have any stats on what is being manufactured here?
Reason I ask is due to 2 common perceptions:
1. There are many idled or empty factories.
2. As a consumer, cannot buy things made in US
Do you have any stats on what is being manufactured here?
Reason I ask is due to 2 common perceptions:
1. There are many idled or empty factories.
2. As a consumer, cannot buy things made in US
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