The Battle Between Manufacturing And Services
Submitted by Peter Tchir of Brean Capital,
The Manufacturing Economy versus The Service Economy
As we start the new year, there is a debate raging within the market. No the debate isn’t whether there is weakness in the manufacturing economy, that is taken as a given, especially after Friday’s awful Chicago Purchasing Manager number of 42.9.
No, the debate boils down to this:
The bears will argue that
The U.S. economy has always done poorly when manufacturing has turned this weak