It is a move that is raising questions about how long Boeing may remain at its massive plant in Washington, where it has produced planes since the 1960s.
"...manufacturing looks to be entering the fourth quarter on a slower growth trajectory, adding to signs that fourth quarter GDP growth will wane considerably from the third quarter rebound.”
While a few places like New York City and Boston have managed to buck the general malaise, most cities in the Northeast and North Central United States have faced a multigenerational decline.
“Don’t confuse what America has now with capitalism... I mean, what’s left of capitalism has been destroyed by socialism. So, it’s the socialism that’s crept into the system that is responsible for the problems and this mass disparity in wealth.”
Countries in the Asia-Pacific region that have already benefited from this pivot away from China include Malaysia, India, Taiwan, Thailand and Vietnam. However, Vietnam appears to be benefiting the most due to a number of factors.
"Society is addicted to debt, and the addiction consumes the addict. The endpoint is a rapid collapse of confidence in U.S. debt and the U.S. dollar..."
The price of the stuff we’re buying is rising much faster, while the stuff we’re no longer buying has been falling, but still counts for official CPI figures.
It's a busy week with the ISM manufacturing index on Thursday and the employment report on Friday, but all attention will be on tomorrow's first presidential debate.
Japan will never kick its easy money addiction, but that is par for the course of the rest of the planet that has adopted ultraloose fiscal and monetary policy...
