Best month of activity in USA in six years, makes my search for an investment in a warehouse, possibly, even too late, although realistically I still have a chance. My own opinion, mostly based on liquidation auction prices for equipment that is usable in modern production (as opposed to clapped out 50 year old manual lathes), is that we are about to see sharp economic growth.
U.S. factory operators saw their best month of activity in nearly six years during March. The Institute for Supply Management reported Thursday that its index of manufacturing activity for March moved to a reading of 59.6, from 56.5 the month before and 58.4 in January. March's level was above the 57.0 economists had expected to see, and it was the highest reading since July 2004. Readings over 50 indicate growth.
I do think that "Obama haters" , who succumbed to pessimism because of who is in the White House, are making a big mistake in not recognizing that this country has every potential to be a great economic and industrial machine. We are now in a bull stock market by any standard, and are seeing improvements in both growth and productivity. If this continues, the United States will see a lot of incremental tax revenues from additional economic activity and capital gains, and that alone could be a big help to reduce budget deficit.
"Obama policies", which anyone should be free to like or not like, do not fundamentally change the fact that we are a dynamic, capitalist economy. In fact, availability of health insurance may help someone to move towards self-employment.
i