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Good news to start the new year. Growth in manufacturing is up, the fastest pace in more than three years. And the trend is worldwide.
For the economy as a whole there are still areas with problems. The federal government can’t seem to fulfill one of it’s simplest and most basic functions–to renew the highway bill. And housing foreclosures are going to continue to drag down that industry.
Ironic isn’t it, that the two the sectors most heavily controlled by the government (road building and Fannie’s and Freddie’s mortgage industry) seem to be having the most difficulty rebounding. I can’t wait to see what they do with health care.