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Alan Tonelson, 5/15/2013
Today's industrial production data were a major embarrassment for President Obama and other manufacturing renaissance cheerleaders. They show that domestic industry could be headed for its second slump in just over a year.
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Alan Tonelson, 5/14/2013
New data on import prices and trade flows show that Japan's latest attempt at weakening its yen is creating another China-style exchange rate protectionist.
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Alan Tonelson, 5/3/2013
American industry keeps lagging the rest of the U.S. economy in job creation in this recovery, snd still needs big policy course changes to achieve a real, not imaginary, renaissance.
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Alan Tonelson, 4/24/2013
Under a new investment deal, workers in China will provide high-value automotive parts for American workers to screw together. Is that how the current version of globalization was supposed to work?
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Alan Tonelson, 4/16/2013
One day, domestic manufacturing might actually experience a renaissance. But the new March industrial production make clear that that day remains far off.
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Alan Tonelson, 4/8/2013
Yet another big news story reports that American manufacturing is in renaissance mode -- and, for good measure, that U.S. exports are nearing a major White House goal. If only either claim was true.
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Alan Tonelson, 3/28/2013
President Obama has wisely urged that America's national business model change from the disastrous borrow- and-spend approach that dominated during the previous bubble decade to produce and earn. But the new GDP figures released by the Commerce Department reveal that this goal remains a distant dream.
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Alan Tonelson, 3/26/2013
The Federal Reserve Chairman has just defended his super easy-money policies with a new global twist. But he keeps ignoring the pervasive foreign trade barriers sure to make any new global growth crisis-prone once again.
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Alan Tonelson, 3/20/2013
New production figures released last week show domestic industry is generating on-again, off-again growth -- better than during its technical recession last year but inadequate to produce significant reindustrialization.
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Alan Tonelson, 3/15/2013
On this day in 2009, the Fed Chairman told interviewers he was seeing the first post-financial crisis signs of U.S. economic revival -- a forecast as technically true as it was fundamentally offbase.
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Alan Tonelson, 3/8/2013
Today's new jobs report shows that domestic industry remains a job-creation laggard, and that Washington's recipes for genuine manufacturing revival remain sadly inadequate.
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Alan Tonelson, 2/27/2013
The Fed Chairman predicts that the housing recovery will create more business and jobs for American appliance factories. But many of the benefits will leak abroad because imports increasingly dominate these U.S. markets.
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Alan Tonelson, 2/15/2013
While the President and other cheerleaders keep gushing about an historic U.S. industrial comeback, the empirical evidence - including a new Federal Reserve report - keeps telling a strikingly different story.
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Alan Tonelson, 1/14/2013
New monthly numbers on imports and exports reveal wide-ranging U.S. trade policy failures.
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Alan Tonelson, 1/11/2013
Can a domestic manufacturing sector that keeps racking up new record trade shortfalls really be regaining world-beating status? We don't think so, either.
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Alan Tonelson, 1/4/2013
In December, industries heavily dependent on government spending returned to their recovery-era pattern as prime sources of new employment.
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Alan Tonelson, 12/20/2012
Today's GDP data show that economic growth is slowly reducing its dependence on the engines that produced disaster in 2008. But the new growth sources don't look much better.
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Alan Tonelson, 12/19/2012
Is domestic manufacturing entering full renaissance mode? Here's the state of the debate following two feature articles in The Atlantic making this claim, a detailed USBIC rejoinder, and the two Atlantic authors' replies.
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Alan Tonelson, 12/7/2012
Unlike during the recovery's early phases, so-called private sector industries heavily subsidized by government (like health care services) are no longer dominating new hiring. But the modest manufacturing jobs recovery seems finished, too.
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Alan Tonelson, 12/4/2012
A new Wall Street Journal article seriously lowballs how much of the huge U.S. manufacturing trade deficit keeps coming in advanced industrial goods.
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The raw data on American industrial production show that U.S.-based industry is suffering its second technical slump in a little over a year, and that its ballyhooed renaissance is further away than ever.
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