Economic Growth: U.S. Manufacturing Resurgence

Worried about inflation, especially after October’s big consumer price number? The CPI’s 6.2% increase from a year ago was the fastest 12-month gain since 1990 and the fifth month in a row of +5% inflation.  What about rising interest rates? How about America’s economic standing in the world?    Be prepared to question many of the negative assumptions you have been hearing and listen to some other data that shines a different light on the outlook. Our guest is a highly respected economist who is no pollyanna. She is just a top economist who looks at data many others miss.   Nancy Lazar is Partner and Chief Economist of Cornerstone Macro.  Lazar and her team are challenging the assumptions that higher inflation is here to stay, that interest rates have to go higher and that emerging markets will be the driver of global growth post-pandemic.    I began our conversation with the capital spending question. In a traditionally consumer-driven economy, why is capital spending going to play such an outsized role?  WEALTHTRACK #1820 broadcast on 11-12-21 More Info: https://wealthtrack.com/u-s-manufacturing-resurgence/