Sustainable post-covid secular changes continue to underpin the U.S. dollar

The construction of new manufacturing facilities in the US has soared 116% over the past year, dwarfing the 10% gain on all building projects combined, according to Dodge Construction Network. There are massive chip factories going up in Phoenix: Intel is building two just outside the city; Taiwan Semiconductor Manufacturing is constructing one in it. And aluminum and steel plants that are being erected all across the south: in Bay Minette, Alabama (Novelis); in Osceola, Arkansas (US Steel); and in Brandenburg, Kentucky (Nucor). Up near Buffalo, all this new semiconductor and steel output is fueling orders for air compressors that will be cranked out at an Ingersoll Rand plant that had been shuttered for years.

American Factories Are Making Stuff Again as CEOs Take Production Out of China, Bloomberg, July 5th

Manufacturing jobs and manufacturing job openings continue to spiral higher; 50 years of offshoring is reversing

Note to reader: I wish to forward this Bloomberg article titled American Factories Are Making Stuff Again as CEOs Take Production Out of China for your reference. I have been following this growing trend amongst the C-level corporate officers of domestically-domiciled manufacturers, and view this massive sea change as another clue as to why the US dollar has been receiving continued strength.

By NC ScoutPublished On: July 7, 2022Categories: Uncategorized1 Comment

About the Author: NC Scout

NC Scout is the nom de guerre of a former Infantry Scout and Sergeant in one of the Army’s best Reconnaissance Units. He has combat tours in both Iraq and Afghanistan. He teaches a series of courses focusing on small unit skills rarely if ever taught anywhere else in the prepping and survival field, including his RTO Course which focuses on small unit communications. In his free time he is an avid hunter, bushcrafter, writer, long range shooter, prepper, amateur radio operator and Libertarian activist. He can be contacted at [email protected] or via his blog at brushbeater.wordpress.com .