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Manufacturing Growth Is An Illusion Of Monetary Stimulus

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Fri, 07/08/2011 - 03:04 | 1435257 Bartanist
Bartanist's picture

The company I work fo supplies materials for electronic and semiconductor assembly. Can anyone provide me with any circuit board or component that goes into a computer that is made in the US? I can't think of anything.

As far as I know, everything Apple is made in Asia at the same types of subcontracting companies that make everything PC and the fact that it is 3X the price seemingly has nothing to do with cost.

Thu, 07/07/2011 - 21:06 | 1434686 blindman
blindman's picture


financialization is not about alternate means of production
but about stripping assets and their value to be used as
the basis for further shadow financialization, which is then used
to procure further assets through imbalances in leverage at local
levels. that is , we are doomed under this doomed economic model, by design
and needs of the shadow financial power usurpation scheme.
support it at your peril.
.
[KR162] Keiser Report – Europe’s Neo-Feudalism
Posted on July 7, 2011 by stacyherbert| 7 Comments
We interview Michael Hudson!
.
http://maxkeiser.com/2011/07/07/kr162-keiser-report-europes-neo-feudalism/
.
europe's neo-feudalism is global neo-financial-feudalism where all assets,
property and persons are commodified and leveraged, like sheep who exist
for and at the pleasure of the new market maker, the new lords of man.
i am anxious to see it destroy itself and will be happy to do my part to help.

Thu, 07/07/2011 - 20:48 | 1434646 doesmybuttlookf...
doesmybuttlookfatinthis's picture

Just more confirmation that like GM, Inventories are being pumped up and manufacturers are stuffing their supply chains to their distributors (dealerships) till they are about to burst. Prepare for major rebates coming from the producers.

Thu, 07/07/2011 - 19:56 | 1434532 rsnoble
rsnoble's picture

I had a mfg defect when I went thru the Mcdonald's drivethru tonight.  I will call the plant mgr shortly to get a replacement.

Thu, 07/07/2011 - 19:55 | 1434529 ebworthen
ebworthen's picture

 

I saw a Dell commercial for the first time in a long time yesterday on T.V., talking up the company, not advertising a product.  What does this mean?  They are hurting.

Delivery pizza prices and revenues - down.

# of people on food stamps and demand at food banks up.

$9 Trillion of stimulus spending past two years.

This is a paper mache recovery, two years of cotton candy spinning using debt, nothing more.

 

Thu, 07/07/2011 - 19:19 | 1434466 sasebo
sasebo's picture

What does all this prove? That the panjandra are a bunch of knuckle heads who know very little about running a country & it's economy.

Thu, 07/07/2011 - 19:22 | 1434463 SwingForce
SwingForce's picture

Computer PRICES have been dropping off a cliff, unless you overspend 3x on Apples.  Unit demand does not have to be down, uh, is this called deflation?

Fri, 07/08/2011 - 02:56 | 1435248 Michael
Michael's picture

"Which means manufacturing growth is not so organic as it is export related,"

Which means manufacturing growth is not so organic as it is Government Spending Related.

There, fixed it for ya.

Fri, 07/08/2011 - 03:11 | 1435263 Bartanist
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Yes, our main exports are: food, lumber, military equipment, commercial passenger jets and DEBT.

... very little else and if it were not for the fact that the US government has bloated its payrolls, it would be very clear that the growth was completely from government spending on things ... but the government spending on people fogs the issue.... any my guess is that most of what the government buys is imported anyway.

Fri, 07/08/2011 - 03:19 | 1435266 Michael
Michael's picture

It's the government spending on military weapons and weapons of mass destruction.

How much money are we spending on producing and maintaining our nukes every year?

Fri, 07/08/2011 - 05:44 | 1435354 rufusbird
rufusbird's picture

good points! Is there a good analysis of what the manufacturing numbers would look like without any defense,  military, or war related activities?

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