US Manufacturing Just Fell Off a Cliff
BUT DON’T EXPECT THAT TO BE MAKING HEADLINES. WHY?
U.S. Manufacturing just hit a 3 year low - but it’s not likely to make a ripple on the summer economy (and thus, not a ripple on the 2012 U.S. Election) for at least three reasons:
1. In July, U.S. consumers will receive approximately $1.1 Billion in rebates — health insurance rebates under the Affordable Healthcare Act. Read What Obama Cooked into the Healthcare Act to Get an Edge in the Election
2. Energy prices continue to drop (and in fact, a massive shaddow inventory is being developed) in the down-drifting economy, and these lower costs free up more consumer spending.
3. Suddenly, state and local governments are on a hiring spree — with some sectors hiring up by 20% year-over-year. Read More
