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Anecdotes are not data, so here's some data: https://fred.stlouisfed.org/series/C307RC1Q027SBEA https://fred.stlouisfed.org/series/C307RC1Q027SBEA US Factory
by hedora 7mo ago
Anecdotes are not data, so here's some data:
https://fred.stlouisfed.org/series/C307RC1Q027SBEA https://fred.stlouisfed.org/series/C307RC1Q027SBEA
US Factory build out investment increased from $80B/year to $240B/year under Biden.
Trump's economic policy has managed to undo $30B of that so far, and the trend is accelerating.
- HPMOR 7mo agoAnecdotes __are__ data. How much weight you ascribe to it as being representative is different. But you cannot disqualify it as 'not data'. It is usually a leading indicator of what could potentially show up in these more robust datasets.
- PearlRiver 7mo agoMeanwhile China has a 1200 billion trade surplus. They are flooding the world with cheap Chinese shit despite the bloviating orange.
- hedora 7mo agoIn other news, we’re still trying to backfill a reason for the Iran War. One theory is that we’ll starve China for oil, so their navy won’t be able to hold Taiwan. (Projections show the US losing a war like that badly due to them have orders of magnitude more naval yards than us.) Anyway, while enumerating all the ways in which that is a dumb plan, it occurred to me that the intentional slowdown in EV and solar uptake in the US is turning a manufacturing gap into an actual present day strategic gap. China imports a lot of oil, but, as a percentage of their economy, they are way less dependent on fossil fuels than us, and tariffs on solar/batteries are basically equivalent to us shipping them free energy production and distribution infrastructure.