Thursday, January 13, 2011

Manufacturing: Mark Perry Imposes A Reality Check

I'm one who has whined about the decline of manufacturing, so it is bracing to read the great contrarian Mark J Perry collecting the data to suggest that these "decline" stories are much overblown.  But Perry's data do show that we retain manufacturing power while shedding manufacturing jobs.  I have also been enjoying the great curmudgeon, Charlie Munger, saying he just isn't seeing any place where job growth will come from (Munger's advice: suck it up).

Funny thing about Perry: from all I read, I'd infer that he regards President Obama with contempt and loathing.  But virtually everything he showcases--say, 90 percent--is designed to show that things are really much better than you expected.

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