Total U.S. Trade Sets New Record High in 2011

Total U.S. international trade (exports + imports) set a new record of $4.76 trillion in 2011 (see chart above), as both annual exports ($2.1 trillion) and imports ($2.66 trillion) reached record high levels last year, according to today’s BEA report. Other highlights include: 1. Total international trade increased in 2011 by 14% compared to 2010 ($4.175 trillion), and was 35% above the recession-related cyclical low of $3.53 trillion in 2009.  Adjusted for inflation, the increases were 10.5% vs. 2010 and 28.6% […]

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The Rust Belt Came Back Strong in 2011; Midwest Manufacturing Is At the Forefront of the Recovery

The Chicago Federal Reserve reported today that its Midwest Manufacturing Index (CFMMI) increased 1.7% in December, to a seasonally adjusted level of 87.4 (2007 = 100).  Here are some highlights of manufacturing activity in the 7th Federal Reserve district that covers Illinois, Indiana, Iowa, Michigan, and Wisconsin: 1. Manufacturing output in the Midwest region rose 8.4% from a year earlier in December, more than twice the 4% increase in national manufacturing output over the same period. 2. Regional machinery output […]

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The Rust Belt Came Back Strong in 2011; Midwest Manufacturing Is At the Forefront of the Recovery

The Chicago Federal Reserve reported today that its Midwest Manufacturing Index (CFMMI) increased 1.7% in December, to a seasonally adjusted level of 87.4 (2007 = 100).

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U.S. Manufacturing Already Has Record Profits and Is Doing Quite Well Without Any Government Help

Obama at the SOTU: “If you’re an American manufacturer, you should get a bigger tax cut. If you’re a high-tech manufacturer, we should double the tax deduction you get for making products here. And if you want to relocate in a community that was hit hard when a factory left town, you should get help financing a new plant, equipment, or training for new workers.” In December, I posted about the financial results for the U.S. manufacturing sector through Q3 […]

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U.S. Manufacturing Already Has Record Profits and Is Doing Quite Well Without Any Government Help

Obama at the SOTU: “If you’re an American manufacturer, you should get a bigger tax cut. If you’re a high-tech manufacturer, we should double the tax deduction you get for making products here.

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More Gains for U.S. Manufacturing

“In January, the seasonally adjusted composite index of manufacturing activity—our broadest measure of manufacturing—increased nine points to 12 from December’s reading of 3. Among the index’s components, shipments gained fourteen points to 17 and new orders doubled, picking up seven points to finish at 14. The jobs index picked up eight points to 4. In our January survey, our contacts were more bullish about their business prospects for the next six months. The index of expected shipments increased nine points […]

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More Gains for U.S. Manufacturing

In January, the seasonally adjusted composite index of manufacturing activity—our broadest measure of manufacturing—increased nine points to 12 from December’s reading of 3.

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Obama’s Disgraceful Choice of Carbon-Intense Conflict Oil from Our Greatest Enemy in the Western Hemisphere Over Ethical Oil from Canada

That’s what he did when he rejected the proposed Keystone XL pipeline that would have taken oilsands oil from Alberta to the Gulf Coast of Texas.

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Auto Plants Are At Capacity and Adding Third Shifts Around the Country, Boosting Local Economies

“Bobbi Marsh puts her 11-year-old son to bed each night and then heads to her job at General Motors Co. (GM)’s metal-stamping plant in Lordstown, Ohio.

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U.S. Exports to China Have Increased by 21% per Year Since 2005, Twice the 11% Growth in Imports

As much as we continually hear about China’s currency manipulation to artificially increase its exports to the U.S., the chart above shows something very interesting. When: a) monthly U.S. exports to China, and b) monthly imports from China,

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