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Good article Edward. I'm glad someone is discussing the manufacturing report.
Jan 05 08:19 am
|Rating:
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All Comments by Adam Pawling »Manufacturing Collapse Reminiscent of Great Depression's Beginning [View article]
Data points between Krugman's and JP Morgan would be interesting to see: from 1940 to 1980. I'm wondering how manufacturing fared in the 70s oil shock.
I'd also be curious to see data on inventory levels. One point I'm optimistic on is inventories are being drastically slashed- unlike in 2000 when firms were slow to respond. Even a slight pickup in demand may give a good bounce to manufacturing if inventories are very low.