US industrial output is much lower than it has been relative to our consumption. We should mostly make in the country the industrial products we consume.

By looking at where things are made rather than by using hedonic adjustments to multiply up INTC revenue until it hides the problem (or whatever the strategy is today now that INTC is flagging).

Do people actually believe this? Maybe industrial output according to some cooked up numbers or specific industries.

We lost 6 million manufacturing jobs over the past decade.