Michigan's Recovery Second Fastest In The Nation, Signaling Manufacturing Sector's Potential

[a kennedy]

Long the symbol of America's deindustrialization, Michigan may be on the comeback trail.

The state is recovering at the second fastest pace in the U.S., behind only North Dakota, which is currently in the midst of an oil boom, Bloomberg reports. The home of the Big Three automakers is being buoyed by the carmakers' comebacks and a resurgence in manufacturing. Bloomberg came up with the reading by analyzing real estate, jobs, taxes and stock prices data.

Michigan's high ranking on the list indicates that manufacturing and specifically the auto industry may play a larger role in the future of the American economy than many suspect. U.S. auto sales hit an eight-month high in October as stable gas prices pushed consumers to buy more pick-up trucks and sport utility vehicles, according to The New York Times.

Though the manufacturing sector overall grew more slowly in October, firms ordered more goods and cut down on their stockpiles, signaling that manufacturing may bounce back.

http://www.huffingtonpost.com/2011/11/02/michigans-economic-recovery_n_1072210.html?ref=business

[Tippy]

1. Need to see more of this....

[HappyMe]

2. This is great news.

Tiny ripple that needs to grow and grow.

[catbyte]

3. Too bad Gov. Dictator and gang aren't using the upturn to help us out. Only cronies.

Anishinaabe in MI

[AngryAmish]

4. ah, the myth of the second derivative...

[JNelson6563]

5. I went long on gold @ under $400 oz

Because I just knew it was the way to go. Knew everything was going to be fubar. I unloaded at 1900 oz.

I get that same feeling about Detroit that I did about gold. If I had money to go long on something these days, it would be Detroit. I'd buy houses. I lived there as a child, those "working class" homes were fabulous. We lived in a two family flat on the east side. Beautiful red brick, lead glass windows in dining room and on french doors between living and dining rooms. hardwood floors, even beautiful glass door knobs. I mean those homes are well-built, seriously solid and have beautiful detail work. Not like the crap they knock out today.

Some will have the foresight to do this and will make good money for their efforts. I only wish I could be on board that train with them.

Julie

[Occulus]

6. God, I hope so...

I think I'm about to be laid off from USPS (after 15 years, wheee) and factory environments are pretty much all I "know".