Everybody Can’t be Wrong

Aug 22nd 2019 Dear InvestingChannel Reader, Manufacturing represents 12% of the economy and is still canonically referred to as the economic lifeblood of the so-called American Heartland. As the trade and currency war heats up we wanted to take a special look at the American manufacturing sector’s place in the global economy and how it relates to financial markets. As always, our goal is to show you analysis from multiple angles that you could not receive anywhere else. Today we are featuring coverage of: - [Is The Reported Manufacturing Renaissance A Lie?]( - [Expert Analysis Of The Federal Reserve’s July Industrial Production Numbers]( - [What Very Few People Understand About China In 2019]( - [What You Need To Know About The Coming Currency War Of 2019]( - [The Surprising Relationship Between The Shipping Sector And GDP Growth]( [Protect Your Retirement Account With IRS Loophole]( Dear Reader, If you’re like most Americans, your retirement account is in serious danger. There's one thing you can do about it. There is a simple and legal IRS loophole that can protect your IRA/401(k) without spending a penny. [Click here to read more.]( Sponsored by Goldco Our friends at Naked Capitalism have looked at the numbers and question the existence of the current manufacturing renaissance as reported by the Trump Administration. Naked Capitalism specifies how the hysteresis driven by the previous loss of manufacturing capacity will make it very difficult for the sector to easily rebound even with dynamic growth in the rest of the economy. [Is the So-Called “Manufacturing Renaissance” a Mirage?]( [(Naked Capitalism)]( A tooling firm closes, and a complex organism withers. The machinery is sold, sent to the scrapyard, or rusts in place. The manuals are tossed. The managers retire and the workers disperse, taking their skills and knowledge with them. The bowling alley closes. The houses sell at a loss, or won’t see at all. Others, no doubt offshore, get the contracts, the customers, and the knowledge flow that goes with all that. All this causes hysteresis. [Click here to read more.]( Bill McBride analyzes the recently released [Industrial Production and Capacity Utilization]( data from the Federal Reserve. McBride finds that manufacturing not only decreased in July but that capacity utilization was below consensus. [Industrial Production Decreased in July]( [(Calculated Risk)]( Industrial production declined 0.2 percent in July. Manufacturing output decreased 0.4 percent last month and has fallen more than 1-1/2 percent since December 2018. In July, mining output fell 1.8 percent, as Hurricane Barry caused a sharp but temporary decline in oil extraction in the Gulf of Mexico. [Click here to read more.]( [Control Your Risk, Trade with Certainty]( Don’t sacrifice speed and excitement for risk management. Nadex offers binary option, Touch Bracket™, and call spread contracts, with contracts from five minutes to five days. Never miss the opportunity to make your trade. [Click here to read more.]( Sponsored by Nadex Economist Scott Sumner has an excellent piece on Western perceptions of the Chinese economic and political situation that needs to be read in its entirety to do it justice. [I guarantee that everyone won’t be wrong about China]( [(TheMoneyIllusion)]( I didn’t expect China to turn in a more authoritarian direction during the 21st century, so I was wrong about that. But then I didn’t expect that to happen in Russia either. Or in India. Or Turkey. Or Hungary. Or Brazil. Or the Philippines. And of course I didn’t expect Trump. So I missed the entire global turn toward authoritarian nationalism. [Click here to read more.]( [What the Looming US-China Currency War Means for the Economy]( by [Silver Doctors]( Maintaining misguided capital controls does not prevent capital flights nor strengthen its financial account. The recent imbalances in money supply growth and subsequent bailouts of troubled lenders that triggered the devaluation show that China has an important dollar shortage that cannot be solved keeping outdated policies of intervention in the currency and capital markets. [Read more.]( [Unbelievable World War 2 Photo SHOCKS Americans]( Sponsored by [NHS News]( Unbelievable World War 2 Photo SHOCKS Americans [Click here to find out what it was.]( [How a Global Recession Could Impact Ocean Shipping]( by [Benzinga]( What's clear from the new report, as well as from other data and information sources, is that if there were to be another global recession, consequences for ocean shipping would be different versus 2008-09 because the industry and its markets have changed. [Read more.]( Copyright 2019, Investing Channel, All Rights Reserved | [Privacy Policy]( [InvestingChannel, Inc.]( P.O. Box 118 New York, NY 10018. To unsubscribe, [click here]( [Link](