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Monday, March 16, 2009

Industrial Production shrank...AGAIN!

US figures from the FED today indicate that Industrial Production shrank by 1.4%.
FED Industrial Production Report/

The big stimulus plan, will seek to address this. As new roads and bridges will need to be built, so too will the need for raw product--iron ore, coal and minerals-- and with the increase in demand in raw material, products from those raw materials will need to be produced.

Also, machines to manufacture those goods, will need to be used; people to man these machines...etc...

The only issue is, if that the raw materials and products, be American only. The buy America provisions in the stimulus plan "may" address that (I would have to review that). Good for the USofA and bad for the rest of the world if it [buy America provisions] get to the centre of manufacturing.
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