That’s right. A new batch of industrial production, manufacturing, and business capital expenditure came out today – showing the best hard goods boom in decades.
Import prices fell for a second straight month. Another example of moderating inflation.
And all the legacy press wants to talk about is the allegation that rising inflation is driving up long-term interest rates. That charge is wrong. Yet I’ll get to that in a moment.
The important story is still the manufacturing boom. And Tuesday’s industrial production report showed back-to-back gains in June and July for both total production… Read More in Real Clear Politics