Way Beyond The ‘12%’

By |2019-08-22T19:09:38-05:00August 22nd, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It’s becoming fashionable again to dismiss manufacturing. In 2015, we heard repeatedly how it represented only 12% of overall economic output. Any minor problems affecting such a small slice would surely be nothing much for the other seven-eights of the economy to overcome. There was no way Yellen’s rate hikes and the booming recovery they [...]