dr. gerald cohen | WRAL TechWire

dr. gerald cohen

Report: US manufacturing remains vital to economy – more is shifting south, west

The United States is often thought of as a large net importer – or a nation that tends to procure many of its goods from abroad – and an economy that focuses primarily on high-skilled services. These points are true, but manufacturing remains an important component of economic livelihood for many U.S. communities and regions. As we’ll explain, manufacturing continues to be a fundamental source of agency and economic livelihood for the nation as a whole.

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Fed rate hikes have consequences – the bad, the good, the ugly, says UNC economist

Back in March, I outlined why I expected these rate hikes were eventually going to cause something to break. The recent collapse of Silicon Valley Bank (SVB), Signature Bank, and First Republic – as well as the takeover of Credit Suisse – indicates this has indeed come to pass. Even if the Fed is done hiking rates (as it hinted it might be), and even if it cuts them quickly (as some market participants forecast), we will be feeling the negative economic consequences for a while. Let’s take a look.

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