Wednesday , March 20 2019
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Tag Archives: Manufacturing

Savings – Not Tariffs – Will Make America Great Again

In a podcast earlier this month, Peter Schiff talked about the “twin deficits” of national debt and trade. We’ve talked a lot about the federal debt spiral, and there has even been some discussion about it in the mainstream. But almost nobody is paying attention to the growing trade deficit. Peter is an exception. When the August numbers came out earlier this month, Peter noted it was the largest trade deficit in merchandise since the summer of 2008. And what happened right after the...

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What’s Going on in the Used Passenger-Plane Market?

Converting used passenger-planes to freighters is a booming business, but overcapacity looms. By MC01, a frequent commenter on WOLF STREET: Air freight has been hot over the past few years. Just to give an example AirBridgeCargo, the wholly-owned subsidiary of Russia’s Volga-Dnepr Group set up to operate Western-made aircraft, has seen its volume grow from 340,000 tons in 2013 to 700,000 tons in 2017, and this is in spite of everything politics could throw its way. According to the...

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Today is Manufacturing Day, a good time to recognize that US factories are alive and well, producing record output – Publications – AEI

AEI Today is Manufacturing Day, a good time to recognize that US factories are alive and well, producing record output Today is Manufacturing Day, an event sponsored and organized by the National Association of Manufacturers and the Manufacturing Institute every year on the first Friday of October. To help recognize Manufacturing Day this year, I’m featuring the chart above that I think summarizes the two most important trends in manufacturing: 1. Manufacturing Output, measured by...

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Chart: US factory jobs as a share of US payrolls have been in steady decline for 75 years starting in 1943, and it’s not because of trade – Publications – AEI

AEI Chart: US factory jobs as a share of US payrolls have been in steady decline for 75 years starting in 1943, and it’s not because of trade From Nick Gillespie’s Reason article “Donald Trump Is Wrong about Manufacturing and Economic Patriotism“: Trump’s understanding of trade is notably screwy, a fact he makes clear every time he insists that trade deficits are a bad thing. As a candidate in 2016, he excoriated NAFTA, which he said: “destroyed this...

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What Truckers & Railroads Said About the Economy: Blistering Demand is Backing Off, Cyclicality Lives

But the cost of shipping surges, no holds barred. The signs that the infamous cyclicality of the transportation industry is changing direction once again are still timid. This industry is a thermometer of the goods-based economy. And it has been hopping! But the first such signs are appearing, even as activity is at record highs, amid complaints of equipment and driver shortages, bottlenecks and delays in the supply chains, and a massive double-digit surge in pricing. Freight shipment...

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Fully Autonomous Cargo Ships Face Enormous Challenges

As with all “bleeding edge” technologies, the challenges are huge, and it’s possible they may end up derailing the whole venture. By MC01, a frequent commenter on WOLF STREET: In September 2017, a consortium of Norwegian firms, including Yara International, Vard, and Kongsberg, announced that they’d start testing the hull design of the YARA Birkenland at a test-tank facility in Trondheim. When finished, it will be a rather small ship – 3,200 Dead Weight Tonnage (DWT) – but it made big...

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7 Things that Did Not Happen to Tesla after the Friday-Night Deal-Massacre

You’ve got to hand it to Tesla’s CEO Elon Musk. After his August 8 claim during trading hours that he’d take the company private, “funding secured” – a blatant lie that caused market cap to surge by over $6 billion – and after Musk admitted late Friday night, rather than during trading hours, that this had been a blatant lie all along, all kinds of things didn’t happen on Monday. 1. Shares neither crashed nor soared. Over the weekend, expectations ran all over the place about whether...

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Nafta is Dead. Long Live Nafta

The biggest problem with Nafta that hurt US workers, Mexican workers, and the Mexican economy, though it hugely benefited profit margins of global automakers and Corporate America, remains unaddressed: Wage repression in Mexico, including via “protection contracts” as condition for building a plant. The deal was announced with fanfare at a press conference in the Oval Office this morning: The US and Mexico had reached a new deal that would govern their totally out-of-whack trade...

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No Tesla Deal! Musk Backpedals Furiously Friday Night

Turns out, “Funding secured” was a lie, conceived in order to manipulate up the share price. Tesla CEO Elon Musk has superseded the infamous August 8 tweet — “Am considering taking Tesla private at $420. Funding secured” — which had caused market capitalization to spike by about $6 billion, with a blog post late Friday in which he says that funding was never secured, but that instead it was his “belief” there was “more than enough funding,” and that the buyout isn’t going to happen at...

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The Hype is No Longer with Tesla: Suppliers & Creditors Start to Fret

18 of 22 suppliers believe Tesla is now a financial risk to their companies. Suppliers are getting nervous about their exposure to Tesla. That’s what a survey by the Original Equipment Suppliers Association (OESA), which represents automotive suppliers, revealed. The survey was sent to members of its council, all of them top North American sales executives representing about 100 suppliers. Of the 35 respondents, 23 were current or past Tesla suppliers. The survey was conducted between...

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