Money
US Manufacturing Renaissance Thesis Remains Unfulfilled After 15 Years of Predictions
Forward Guidance
The Fed Is Losing Its Easing Bias While AI Props Up The Economy | Neil Dutta
What was said
"Back in 2009, I worked at Merrill Lynch and we wrote a piece called The US Manufacturing Renaissance. That was back in 2009... And in the 10 years since then, if you just pull up a chart of manufacturing production, absolutely nothing has happened, right?"
Dutta disclosed that he authored a 2009 Merrill Lynch report predicting a US manufacturing renaissance based on dollar weakness and cost competitiveness. He noted that 15 years later, manufacturing production data shows virtually no improvement, challenging current narratives about reshoring and industrial policy success despite recent positive PMI readings.
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- Programme
- Forward Guidance
- Episode
- The Fed Is Losing Its Easing Bias While AI Props Up The Economy | Neil Dutta
- Clip time
- 30:51
- Original source
- Watch the source segment →
From this episode
Forward Guidance