The global industrial arms race is just what we need (archive.is)

submitted 1 year ago* (last edited 1 year ago) by bernieecclestoned@sh.itjust.works to c/worldnews@lemmy.ml

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Manufacturing is undergoing a revival around the world, sending several secular trends into reverse

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[-] jmp242@sopuli.xyz 3 points 1 year ago

I have no real idea what much of that is trying to say but:

This new industrial age is also beginning to reverse some of the secular macro trends of the past. Fractured supply chains are raising global prices, causing inflation targets to overshoot and interest rates to rise. Public and private money is flooding into manufacturing projects, irrigating firms dehydrated by the investment drought. Higher investment plans are also helping absorb the global savings glut, with global real interest rates rising by over 1 percentage point so far.

This seems like a bit of jargon - what is a secular macro trend?

Anyway, I kind of agree that investment into manufacturing and competition on that is probably good for everyone.

[-] bernieecclestoned@sh.itjust.works 0 points 1 year ago

A secular trend or market is one that is likely to continue moving in the same general direction for the foreseeable future. Secular trends are contrasted with cyclical trends, which are affected by the boom and bust swings of the market.

A space race type competition for green tech that mitigates climate change and provides clean energy is the optimal east v west path.

this post was submitted on 26 Jun 2023

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