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The Dollar Dump (EP.408)

Animal Spirits Podcast

CHAPTER

Manufacturing vs. The Service Economy

This chapter explores the disconnect between public sentiment in favor of manufacturing jobs and the actual interest in factory work, while reflecting on the broader economic shift towards service industries. It discusses the historical decline of U.S. manufacturing, the impact of globalization, and the challenges posed by technological advancements and tariffs on the sector. The conversation also touches on recent troubling economic indicators, concerns over corporate practices, and the role of the Federal Reserve amidst fluctuating market dynamics.

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