November 1, 2024 – In today's Big Picture episode of the Financial Sense Newshour, we look at the attempted transformation of the US economy from consumption-driven growth to a focus on production and industrial policy. Historically, consumer spending has dominated economic activity with manufacturing becoming a much smaller share given the significant outsourcing to China over the past several decades. However, this is now changing and a new industrial policy is being pursued in the US.
We explore the implications of this transition, as recently outlined by experts Fasteau and Fletcher in their new book (see In Depth: Dollar Devaluation and the Next Stage of US Industrial Policy). They emphasize strategic support for technology and innovation, protection against subsidized competition, and maintaining competitive currency valuation.
For investors, this decade promises an ongoing surge in demand for certain key commodities, driven by the green transition and increased manufacturing needs. The US government’s focus on production and infrastructure revitalization presents unique investment opportunities. Sectors like AI, robotics, renewable energy, and advanced manufacturing are poised for growth, as well as monetary inflation hedges.
Join us as we unpack these trends and explore the sectors and strategies that are set to thrive in this new industrial era.
To speak with any of our advisors or wealth managers, feel free to Contact Us online or give us a call at (888) 486-3939.
Stay ahead of the news! Subscribe to our premium weekday podcast
