More than once, people have mentioned articles or referenced things they saw online that I wish I could follow-up on. Or the discussion just gets cut short and isn't continued the following week. Occasionally people remember to send an email with details the next day. More often than not I just forget about it by the next time the call rolls around.
This time, there's at least a wager on the line (as well as a certain amount of credibility), and it involved a claim nobody seemed to believe: that manufacturing is still one-third of the US' GDP, and that that percentage is roughly the same as it was after WWII. (Okay, I guess that's two claims.) Everyone else seemed to believe we just consume stuff now, export brands and services, or simply place online bets in the stock market with our money.
In a week, we shall see...
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3 comments:
OK,
So it appears that whether manufacturing has stayed relatively constant or has gone down, as a percent of total GDP, is dependent on how you calculate it. Check out this slide set and you tell me whether it has gone down or not:
http://www.swissbusinesshub.com/photos/news/Presentation_02_William_Strauss.ppt#256,1,Is the U.S. Losing Its Manufacturing Base?
The US government says it's currently about 12.1 percent:
http://usinfo.state.gov/products/pubs/economy-in-brief/page3.html
- Steven
shazam!
miller man comes thru with statistics - does this mean curly's gonna have to bring extra beer money along with his fairy tales to the next call?
Heres what Dave says:
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Along these lines, this is interesting-
http://seekingalpha.com/article/27883-gdp-by-category-services-spending-and-foreign-investments-in-u-s
Services do seem to be replacing non-durable goods. Interesting that durable good seem to remain fairly flat though. And medical services especially stand out.
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my questions is: Why is "housing" under "services". Is that just rental housing, or all owner-occupied?
-Morgan
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