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Recession Canceled: US Industrial Production Jumps To Record Highwww.zerohedge.com/economics/recession-canceled-us-industrial-production-jumps-record-high
65 sats \ 11 comments \ @Coinsreporter 18 Mar econ
US factory output rose by the most in a year as a surge in motor vehicle production led a broader increase that helps ease concern of weakening in manufacturing. Manufacturing output, which accounts for three-fourths of total industrial production, jumped 0.9% on a sharp pickup at auto plants, Federal Reserve data showed Tuesday.
Excluding autos, factory production increased 0.3%, marking the third straight monthly advance. Manufacturing has shown some signs of stabilizing even as producers are challenged by rising input costs and heightened uncertainty from President Donald Trump’s escalating tariffs.
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If Tyler says it's cancelled, I believe it is.
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20 sats \ 10 replies \ @Undisciplined 18 Mar
We're going to have to see how everything shakes out. Manufacturing benefits from tariffs, while other sectors struggle.
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32 sats \ 6 replies \ @028559d218 18 Mar
not necessarily. manufacturing output already near record highs. the goal of tariffs on the other hand is manufacturing jobs which is completely different/a different metric
and if manufacturing pays more for steel or other raw inputs which are imported, costs are higher which makes manufacturing output in the us less competitive
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0 sats \ 5 replies \ @Undisciplined 18 Mar
Good point. I should have said “manufacturing can benefit from tariffs.” It’s definitely not a sure thing.
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32 sats \ 4 replies \ @028559d218 18 Mar
my issue is that it's government picking winners and losers. if your product depends on imported goods (no way to source them domestically) then you're at a competitive disadvantage. if however you can make the product 'here' and imported versions are your competition... you're at an advantage.
it feels like 'crony capitalism' 'to benefit the nation' which i don't believe
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0 sats \ 3 replies \ @Undisciplined 18 Mar
Sure, but you always have to ask "Compared to what?"
If we all we get are these tariffs, then it's definitely not beneficial. However, if we get tariffs plus deregulation and tax cuts on productive activities, that may well be beneficial.
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40 sats \ 2 replies \ @028559d218 18 Mar
the tariffs plus deregulation plus tax cuts... will still leave the us with a huge budget deficit. that deficit cannot go on forever because it's compounding and eventually it spells the end of the american empire (if it hasn't already)
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0 sats \ 1 reply \ @Undisciplined 18 Mar
It's not like anyone is seriously contending with that, though.
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0 sats \ 0 replies \ @028559d218 18 Mar
which is the issue
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24 sats \ 2 replies \ @Coinsreporter OP 18 Mar
That's so true but I've had a contradictory news that equities fell to records lows in March. #916866 It all seems like mix mash, juicy yet sour.
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20 sats \ 1 reply \ @Undisciplined 18 Mar
You expect a lot of mixed signals in an economic correction.
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40 sats \ 0 replies \ @Coinsreporter OP 18 Mar
Well I'm a normie! Haha I'm easily affected by these corrections.
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