Construction economic forecast
Economic recovery in 2009-10, but problems beyond.
According to Reed
Construction Data reports from Jim Haughey , the treasury's AAA credit rating
was properly taken for granted until a few months ago. Indeed, the whole
structure of interest rates used Treasury debt as the risk free, base, interest
rate with other rates calculated as premiums or spreads over the Treasury rate.
The U.S. dollar was long used as the prime international reserve currency. U.S.
Treasury debt was the safe have for foreign investors willing to accept a low
rate of return in exchange for avoiding default risks in debts denominated in
Now the massive borrowing by
the Treasury in the last few months has put the traditional international role
of the U.S. dollar in question. We have worried about this happening for years.
But it never happened. Every crisis led foreign investors and governments to
bring money to the United States
for safekeeping. Other countries had to make painful spending cutbacks
periodically after spending binges, but the United States has been spared
because of its unique role in international finance and sufficient borrowing
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey