It was a tremendous surprise to hear and read today that the United States still made things beyond discontent in the Arab World, headaches for Latin America and cars that look as though they were designed by someone with an alcohol problem, made by drunks, and bought by idiots.

It’s obviously a weak report, but it follows a strong January report, which was the strongest we’ve seen in six years,” opined David Wyss, chief economist for Standard & Poor’s. While the index itself slipped from 56.5 from 58.4 anything over 50 signifies growth. This is growth in a sector that has reached post war levels nearing catastrophe. [Read more…]