Is PPI even relevant anymore?Good post by Experienced as usual.
I have to wonder if the PPI is even relevant anymore since Wall St encouraged a virtual exodus of manufacturing from the States in the never-ending pursuit of quarterly gains.
The few American competitors still left in the game are making hay while the sun shines for sure, but the PPI numbers can turn around quickly.
Perhaps the EV industry will ultimately be the answer to America actually making anything in the future which might bring the PPI back into relevance.
A quick call from Biden to Elon saying "put the damn brakes on your monthly price increases and send out a message that cheaper models are coming " would likely send a strong message to Americans that Biden is actually doing something. All it would take for Biden to get it done would be to promise Tesla that it will get the Super Charger contract, which Tesla is going to win anyway because they are light years ahead of the competition.
Elon obviously hasn't paid off Biden like the UAW has, so Biden refuses to even acknowlege that Tesla exists, despite the fact that Tesla's 2 models are the "most American" made vehicles in the country. BTW, everyone's All American vehicle, the Ford F-150 ranks 21st.
I don't buy into the argument that nothing can be done other than destroying the economy and putting the poor in even greater peril by jacking interest rates through the roof.
IMO, the best business men and women should be our leaders. Pay them tons of money and support them with effective managers instead of bureaucrats. At the very least, hire the right bureaucrats and incentivize them to perform. Hiring a bunch of business people doesn't preclude any ESG or social benefit programs. In fact, a well run government would likely be able to improve social benefits as idiotic operational disasters like the TMX would be wiped out.