(Reuters) - Martin Koffel, head of engineering company URS Corp , feels the United States is poised for a manufacturing renaissance, driven at least in part by demand among the developing world's burgeoning consumer class.
(Reuters) - Martin Koffel, head of engineering company URS Corp , feels the United States is poised for a manufacturing renaissance, driven at least in part by demand among the developing world's burgeoning consumer class. "There is once again a cachet about American-made products," the CEO said in an interview on Tuesday. "In some industries at some levels, there's going to be a Made in America advantage. ...
Martin Koffel, head of engineering company URS Corp , feels the United States is poised for a manufacturing renaissance, driven at least in part by demand among the developing world's burgeoning consumer ...
There are two big emerging economic stories coming out of the U.S. There's the American energy boom, which will be driven by drillers tapping American shale. And there's the American manufacturing renaissance, which is supposed to be driven by rising overseas labor costs and falling domestic energy costs (thanks to the energy boom). But so far, there's little evidence to suggest the manufacturing renaissance is underway.
Maarten Spek submits: The upswing in resource prices continues. From a fundamental perspective this is no surprise. As the US, Japan, and Europe pursue an unremittingly loose monetary policy, credit supply to the “real” economy is more or less stagnant. Therefore a lot of capital is available for speculation. In addition, growth rates (and the anticipated returns) in the emerging economic nations outpace those in the West, whereas the former consume relatively high quantities of commodities.
OTTAWA — The federal government is poised to get the Canadian Pacific Railway (TSX:CP) back on track.
A government source tells The Canadian Press that legislation will be tabled Monday to end the strike by 3,300 locomotive engineers and other CP train workers.
A notice to allow the bill to be introduced was placed on the Commons order paper late Friday afternoon.
The Harper government has never been shy about using a legislative hammer to stop or prevent strikes that it feels could pose a threat to the economy.
AMERICAN manufacturing receives a lot of verbal abuse, but it has actually held up very well over the past few decades. Some sub-industries, like textile manufacturing, have been gutted. Others, like manufacturing of large-scale transportation equipment, have hung in there despite ups and downs, and still others, like advanced electronics manufacturing, look as strong as ever. What has really faced steady decline over the past half-century is manfacturing as a mass employers of medium- and low-skill workers.
Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.The article below is a guest contribution by Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors.
On one hand, the US middle class has rarely if ever had it worse. At least, if one actually dares to venture into this thing called the real world, and/or believes the NYT's report: "Falling Wages at Factories Squeeze the Middle Class." Some excerpts: